Empire State College has won a $536,176 grant for a graduate business education program for veterans.
The Graduate Management Admission Council, owner of the Graduate Management Admission Test and a membership organization of graduate business and management schools worldwide, is providing the award.
The college, part of the State University of New York system, will use the money to implement the program Credit Where Credit is Due: Veteran and Service Member Pathway to the MBA.
Empire State College has its statewide headquarters on Union Avenue in Saratoga Springs.
The GMAC Management Education for Tomorrow Fund has awarded more than $7.1 million in grants to 12 organizations in six countries in the second round of its Ideas to Innovation Challenge, the college said in a statement.
The college’s program will develop specialized coursework for veterans and service members and integrate armed services leadership experience into the development of business management skills.
“The Graduate Management Admission Council’s recognition and generous support of Empire State College’s open, innovative, and flexible approach to education … is a testament to the hard work of President Alan Davis and his entire team,” SUNY Chancellor Nancy L. Zimpher said in the statement.
“The grant expands education access and opportunity around the world and the college provides a path to earning an MBA for veterans,” Davis added.
“Since there is military training that already merits awarding college credit, our program saves time and money so service members and veterans do not have to cover the same ground twice.”