discussion with Business Council

Met with M.C. and M.A.L. to finalized the schedule of the planning. It is refreshing to work with people in the business world. Ideas flow as fast as those in the universitis, but decisions are speedy and concrete. Moving forward is the norm, status quo is a problem. In a university, especially a public one, taking risks is not encouraged for individuals. Can the institute structured as an independent non-profit to have the flexibility to achieve its goals faster?

One issue is the timing of the construction grant, should we move as fast as possilbe and get the grant ready by Oct 1 but the business plan might be rather drafty? Should we finish the planning in a timely fashion, not rushed, and produce the plan in Decemeber? Should we follow the typical process and complete the entire business plan before the construction proposal?