Province pledges help for universities struggling with financial woes amid the pandemic

The provincial government is promising assistance for post-secondary institutions to help them handle the financial strain caused — or exacerbated — by COVID-19, says Colleges and Universities Minister Ross Romano.“We have been working very closely with our institutions to try and ensure we have a good handle on what the COVID impacts are on the financial situation at all of our institutions across the province,” Romano said in response to questions following an announcement of $2.3 million for McMaster and the University of Toronto for research and testing of personal protective equipment.“Obviously there are impacts as a result of having to spend additional dollars on COVID-related supports and to help ensure health and safety ... and obviously there were additional revenue losses as a result of reduced tuition, and then revenue losses as a result of not being able to use the facilities on campuses to the fullest,” he said.“So we have been examining that, we are working with our colleagues across government, and certainly with our institutions, and we are trying to quantify where the support is most necessary and the best way that we can use what are ultimately limited resources to try and remedy that the best that we can.”Romano added, however, that “our institutions, by and large, are doing quite well in this period of time, and we also see that there are some institutions that are struggling (but) some of the issues ... quite frankly pre-date COVID and are not specifically COVID-related.”He said he wants “to ensure all of our institutions across all of our communities in this province are healthy,” sustainable, and remain competitive.Some schools, especially those in the north, have experienced issues during COVID, including lower enrolment. Romano’s funding announcement Tuesday morning, made via livestream with Minister of Economic Development Vic Fedeli and a number of university presidents, allocated $1.1 million to the University of Toronto to test the performance of N95 masks, among others, while also creating new PPE products.McMaster University will receive $1.2 million to “work with Canadian manufacturers with their R&D needs in designing, manufacturing and testing of PPE,” the government said in a written release.Romano said “Ontario’s colleges and universities have been critical actors in providing PPE to our province’s front-line workers throughout the global pandemic and will be essential in helping Ontario thrive and recover coming out of the pandemic.”Kristin Rushowy is a Toronto-based reporter covering Ontario politics for the Star. Follow her on Twitter: @krushowy

Province pledges help for universities struggling with financial woes amid the pandemic

The provincial government is promising assistance for post-secondary institutions to help them handle the financial strain caused — or exacerbated — by COVID-19, says Colleges and Universities Minister Ross Romano.

“We have been working very closely with our institutions to try and ensure we have a good handle on what the COVID impacts are on the financial situation at all of our institutions across the province,” Romano said in response to questions following an announcement of $2.3 million for McMaster and the University of Toronto for research and testing of personal protective equipment.

“Obviously there are impacts as a result of having to spend additional dollars on COVID-related supports and to help ensure health and safety ... and obviously there were additional revenue losses as a result of reduced tuition, and then revenue losses as a result of not being able to use the facilities on campuses to the fullest,” he said.

“So we have been examining that, we are working with our colleagues across government, and certainly with our institutions, and we are trying to quantify where the support is most necessary and the best way that we can use what are ultimately limited resources to try and remedy that the best that we can.”

Romano added, however, that “our institutions, by and large, are doing quite well in this period of time, and we also see that there are some institutions that are struggling (but) some of the issues ... quite frankly pre-date COVID and are not specifically COVID-related.”

He said he wants “to ensure all of our institutions across all of our communities in this province are healthy,” sustainable, and remain competitive.

Some schools, especially those in the north, have experienced issues during COVID, including lower enrolment.

Romano’s funding announcement Tuesday morning, made via livestream with Minister of Economic Development Vic Fedeli and a number of university presidents, allocated $1.1 million to the University of Toronto to test the performance of N95 masks, among others, while also creating new PPE products.

McMaster University will receive $1.2 million to “work with Canadian manufacturers with their R&D needs in designing, manufacturing and testing of PPE,” the government said in a written release.

Romano said “Ontario’s colleges and universities have been critical actors in providing PPE to our province’s front-line workers throughout the global pandemic and will be essential in helping Ontario thrive and recover coming out of the pandemic.”

Kristin Rushowy is a Toronto-based reporter covering Ontario politics for the Star. Follow her on Twitter: @krushowy

Source : Toronto Star More