Ohio Board of Regents Chancellor Jim Petro Introduces Enterprise University Plan
Ohio Board of Regents Chancellor Jim Petro today charted a new course for higher education in the state, presenting a plan allowing Ohio’s 14 public universities to be free from mandates which stifle efficiency and innovation. “Ohio’s universities are a driver of economic development in the state. By allowing our universities to be free from mandates and operate as an enterprise of the state, Ohioans gain increased efficiency, effectiveness, and competitiveness that will help drive our 21st Century economy,” said Ohio Board of Regents Chancellor Jim Petro.
This summer the Ohio General Assembly and governor passed a State operating budget which takes bold steps toward improving Ohio’s already great universities. Historic construction reform, commercialization expansion, and the ability for universities to enter into lease-back agreements were accomplished to help universities realize cost savings. The Enterprise University Plan, in concert with the tuition cap and the three-year degree program, is aimed at giving universities freedom to innovate while helping keep university costs manageable for Ohio families.