
Strategic Plan 2017 is estimated to cost $21.3M (plus the $18M remaining cost for
four major buildings - science complex - STT, multi-purpose building - STX, and conference
facilities - Sugden property - STX) over the next five years. In keeping with the
University's approach to linking resource allocations to the strategic plan, Strategic
Plan 2017 will be funded through four specific avenues. The first is by regular requests
to the University Budget Committee to fund the annual work plans of the University,
which represent the strategic actions of the Plan. The second is by managing existing
resources well and making data-informed decisions to repurpose resources to the Strategic
Plan. The third is by growing enrollment and attracting more out-of-territory students
through the offering of online programs and the development of more articulation agreements
with regional institutions among others. And the fourth is by developing additional
revenue streams through entrepreneurial activities, mission-focused grant funding,
public-private partnerships, and philanthropic support. As the economy improves over
the next three to five years, the University will use its best efforts to restore
funding from the Government of the Virgin Islands to its 2009 level and strategically
position the institution as a pillar of economic strength for the Territory. Strategic
Plan 2017 will be assessed annually and progress reports will be provided to the University's
Board of Trustees and the University community three times per year. This plan recognizes
the role of the University and demonstrates our commitment to our students, territory,
and the wider Caribbean.
Area of Focus |
No. of Performance Goals |
No. of Measurable Objectives |
Costs |
Academic Quality and Excellence |
13 |
26 |
$8,150,000.00 |
Student Development and Success |
9 |
25 |
$3,050,000.00 |
Community Engagement and Globalization |
10 |
16 |
$3,550,000.00 |
Modern and Safe University Environment |
4 |
11 |
$19,475,000.00 |
Organizational and Human Development |
6 |
8 |
$1,410,000.00 |
Financial Sustainability and Growth |
8 |
10 |
$3,700,000.00 |
TOTAL |
50 |
96 |
$39,335,000.00 |