For more than 100 years, students have come to Carolina to study business. We prepare them to become extraordinary leaders who grapple with and solve critical issues with wisdom and courage.
Today, we can’t meet the growing student demand for our Undergraduate Business Program (UBP). We can accept only half of our applicants each year despite their impressive qualifications. We simply don’t have enough space.
Today, we compete for the world’s best students, faculty and staff, but we are the only top 20 business school in the U.S. that hasn’t built a new, state-of-the-art building to meet the needs of business education.
The power of education to improve lives is a universal story. We need your help to provide our world-class business education for even more talented students.
We are at full capacity.
Ever since the founding of the Business School in 1919, student demand has grown. In recent years, it outpaced our ability to serve talented UNC students who want to major in business, and in the last decade we doubled our graduate enrollment. Since we relocated from Carroll Hall to the McColl Building in 1997, our program growth has outpaced our facilities. We expanded into the basement and the attic, but we don’t have enough classroom/study space or offices for faculty and staff.
We deliberately took on a complex mission to offer programs for a wide range of students, and to deliver excellence in every program. Today we have approximately 1,000 Undergraduate Business, 400 Master of Accounting, 1,600 MBA and 70 PhD students.
The new building will make it possible for us to:
In June 2020, the North Carolina General Assembly passed a bill that provides $75 million in funding to expand and enhance the UNC Kenan-Flagler campus.
To receive these public funds, UNC Kenan-Flagler must raise $75 million in private funding by June 30, 2022.
“I am incredibly grateful for this support from the state,” says Dean Doug Shackelford (BSBA ’80). “It is a vote of confidence in our University and our Business School, and critical to our mission to prepare our students to be the next generation of leaders.”
Construction, which will begin when we have raised the total project cost of $150 million, will take approximately two years and renovations to the McColl Building and Kenan Center will take an additional 12 months.
A new building is a win-win for the state of North Carolina. Over 70% of our UBP alumni return to North Carolina within 10 years of graduation and build their lives, careers and businesses here.
Steven D. Bell (BA ’67), chairman of Bell Partners, has spent his life investing in people and real estate. Now he’s made his greatest investment ever in both: He pledged $25 million to support the new building.
His goal: Make North Carolina even better.
Bell wants more undergraduate students to have access to the transformational education offered by UNC Kenan-Flagler, and the new building makes it possible expand the UBP.
“More graduates will benefit our entire state for decades to come and ultimately create dramatic change,” he says. “UNC graduates become better employees, employers, entrepreneurs and contributors to our state. Having one of the best business schools in the U.S. right here in Chapel Hill is a precious resource for our state and our region.”
We received a second $25 million pledge by an anonymous donor to support the new building.
“These two incredible gifts will allow us to expand our Undergraduate Business Program, giving us the opportunity to teach more students and spur economic growth in our state,” says Chancellor Kevin M. Guskiewicz.
Make an Impact
We are designing the new building for learning – flexible classrooms, more space for teamwork, and enhanced technology – to build community and a sense of belonging. The ambitious project will help us accomplish the following:
The total $150 million project also will include a refit of the McColl Building and Kenan Center, and more parking.