MARCH 6, 2007 - Posted at 3:13 p.m. CST
LITTLE ROCK, AR - An advisory group says that if the University of Arkansas is to reach its goals for 2010 and become nationally competitive, the school will have to receive more public and private support.
The fourth report of the 2010 Commission was released today. It says the Fayetteville campus is making progress toward its goals for the first decade of the 21st century, but will have to "raise the bar" if it is to remain competitive.
The report says state colleges and universities combined need $1.3 billion for new buildings and academic infrastructure. The report says the state should create a capital improvement fund for higher education.
Chancellor John A. White created the 2010 Commission in 2000. The group of more than 90 business, government, and academic leaders was asked to develop a plan for the university to bring greater economic and educational achievement to Arkansas.
Among the report's 40 recommendations are...
-Increase state funds for university research.
-Provide state matching funds for private donations to higher education.
-Create incentives to attract high-tech companies to Arkansas.
The report recommends that Arkansas businesses hire people with college degrees and enable other workers to earn college degrees, as well as pay employees nationally competitive salaries.