Essar Steel Algoma Provides Support for new Sault College Academic Building
12/07/2011 - Essar Steel Algoma has given a $1 million check in support of Sault College's new academic building, representing the largest ever private donation in the College's history.
Essar Steel Algoma Inc. has given a $1 million check in support of Sault College's new academic building. This gift represents the largest ever private donation in the College's history.
To recognize the significance of this gift, the College is now planning to name the new Academic Wing ‘Essar Hall’.
“We support initiatives that serve to develop a sustained supply of skilled labour, grow future community leaders, promote academic excellence and facilitate lifelong learning for our employees and their families,” said Essar Algoma CEO Jim Hrusovsky. “Sault College embodies our strong belief in education and provides sustainable benefit to Essar Steel Algoma by graduating qualified candidates and delivering meaningful professional development programming.”
The donation comes days after Essar Steel Algoma Inc. announced the launch of a $5-million Community Investment Fund providing corporate contributions to community charities, foundations and non-profit initiatives.
“In countless ways, the support of our community partner Essar Steel Algoma Inc. will guide us as an organization, enrich the relevancy of our curriculum and programming, and will create financial opportunities for advancing education and the learning experience of our students,” stated Dr. Ron Common, President, Sault College.
Since opening its doors in 1965, Sault College has been an integral part of the community, contributing significantly to the educational, social and economic well-being of Sault Ste. Marie and Algoma Region residents and businesses. The support of partners, industry and communities is essential to the success of an educational institution that seeks to grow.
“With this generous gift, Sault College's Inspiring Growth Campaign has now raised $3.2 million, propelling our campaign past the 50% milestone towards the $6 million goal,” stated Jim Boniferro, Campaign Chair. “'There is a significant link between Sault College and local industry in terms of the types of programs offered. Thank you to Essar Steel Algoma Inc. for recognizing Sault College's contribution to our community with this transformational gift.”
Sault College transforms the lives of students through providing innovative education and training, and granting Ontario College certificates, diplomas, advanced diplomas, graduate certificates, and degrees to its graduates. The College is the largest deliverer of apprenticeship training in Northern Ontario.
Maclean’s magazine has ranked the college at the top of the province in graduate satisfaction, with 85% of graduates saying that they were highly satisfied with their education at the college. Educating over 4,500 students each year, Sault College has a significant economic impact on the community, with spinoffs in excess of $100 million. Over $2 million dollars in scholarships, bursaries and awards is distributed annually to students at the College.
