The College of DuPage Board of Trustees has approved a $354.3 million budget for the coming year that includes a number of initiatives, including a new business incubator and accelerator in the Glen Ellyn Civic Center.
At their June 21 board meeting, trustees unanimously approved the fiscal year 2019 budget following a scheduled public hearing. No one spoke at the hearing. COD's new fiscal year begins July 1, 2018, and ends June 30, 2019.
"I'm relieved that this product can be brought to a successful close, and we're funded for the next year," board Chairwoman Deanne Mazzochi said following the vote on the budget.
The new business incubator and accelerator is set to open in December. It will contain two separate new business functions, including COD’s Center for Entrepreneurship and Innovation DuPage, a new business incubator and accelerator concept led by the college through an emerging partnership with Choose DuPage and Naperville-based Rev3.
The majority of Glen Ellyn village trustees on Nov. 13, 2017, approved a 10-year license agreement with COD to fill the space in the Civic Center left by the Glen Ellyn Police Department's move to its new station at 65 S. Park Blvd. Since early 2017, the village and COD have been exploring opportunities to use the space in the Civic Center.
Trustees and Village President Diane McGinley voted 4-2 to approve a license agreement and memorandum of understanding with COD. Voting "no" were trustees Pete Ladesic and Gary Fasules.
Another initiative included in COD's budget is implementation of the Guided Pathways student success model. COD officials said Guided Pathways is an integrated, institution-wide approach to student success that guides each student effectively from point of entry to the attainment of individually stated goals and objectives.
Other initiatives include converting space in the Berg Instructional Center at COD's main campus in Glen Ellyn from administrative services to academic use and completion of COD's facilities master plan that officials said will serve as the road map for construction activities over the next several years.