PIKEVILLE, Ky. (WYMT) - University of Pikeville officials made an important announcement on Monday regarding the school's future and growth.
In his first event as president of the university, Dr. James Hurley, announced the addition of a third school...The Coleman College of Business.
Giving back and moving forward was the theme at the news conference held in The Academy Building. The historic building will house the new college named after prominent businessman and former banker, Burlin Coleman.
Dr. Hurley says, "They are just special people to the university and special people to the region."
Mr. Coleman and his wife Jean, made a generous donation back to their alma matter with a one million dollar pledge of support for the university's newest endeavor.
Hurley says, "The donation enables us to sustain The Coleman College of Business for many years, it provides scholarship opportunity both at the graduate and undergraduate level."
Coleman explains, "As a business person and banker I've always recognized what this college is doing."
They say this college is necessary in order for Pike County and the region to continue to grow and be innovative.
On behalf of more than 500 businesses that employ more than 25,000 people in the region, The Southeast Chamber of Commerce gladly welcomes the new school.
Chamber President Jared Arnett says, "This university matters to those businesses."
As the university takes another step forward, officials say it is another way they will continue to give back and support their community.
Officials say The Coleman College of Business will open in the spring of 2014.
University of Pikeville professor, Howard Roberts, was named the founding dean of the college.