Robert T. Sumichrast
Dean and Simon S. Selig, Jr. Chair for Economic Growth

Published: March 05, 2010 | Vol. 3, Issue 1

In late February, the Chancellor was directed to present a plan to the state legislature that would cut some $300 million from the University System's state budget. For the University of Georgia, that meant identifying an additional $60 million more than the $100 million that has already been cut from the state budget the past two years. We don't yet know the full extent of how such cuts would affect the Terry College.

But let me say here that this is not a plan of action we endorse or support, and President Adams has indicated we will vigorously oppose any effort to follow through and implement these cuts. Quite candidly, the effects would be devastating.

As I have traveled around the state, it's been apparent to me — as I'm sure it is obvious to our alumni and friends — that the University of Georgia is a unique institution within the state's system of higher education. Its connection to every community in this state is both historic and well defined, and the impact of these proposed cuts would be felt statewide as well.

On a more positive note, one of the connections that UGA has with every region of the state is the economic development generated by the companies that are led by our graduates. I had the privilege this past January to join the UGA Alumni Association at its gala celebration of the inaugural Bulldog 100, honoring the 100 fastest growing companies owned or operated by graduates of the University of Georgia. The businesses that were recognized ranged from service forms to retail and manufacturing.

While the list included the likes of insurance industry giant Aflac, it was dominated by small- and mid-sized firms that were targeted by the fast-growth business metrics put in place by the Alumni Association and measured by the CPA firm Gifford Hillegass & Ingwersen.

It is well known that these smaller businesses are the state's and the country's best hope for creating new jobs and wealth. I was proud that 50 of the Bulldog 100 are led by graduates of the Terry College of Business. With more than 1,200 undergraduate business degrees awarded annually by Terry, along with hundreds of graduate degrees, we are helping the state create economic growth, as well as attract and retain businesses.

Robert T. Sumichrast, Dean
Terry College of Business

View previous Dean's Messages