Cazenovia College receives $40K in state funding

The funding will help to develop a financial trading laboratory.

CAZENOVIA, N.Y. >> Cazenovia College earned $40,000 from the New York State Regional Economic Development Council (REDC).

The funding will help to develop a financial trading laboratory at Cazenovia College. The funding was announced on Thursday, Dec. 18 at a REDC event in Albany, the state grant will contribute to the overall project to develop the laboratory.

Located in Coleman Hall on the College’s main campus, officials said the laboratory will be designed to simulate a financial trading environment, featuring electronic ticker screens, a world clock, and electronic data boards with streaming market data and news.

Critical to the function of the lab will also be the associated systems’ software and access to domestic and international financial markets and other data sources. The financial trading laboratory will be used as a classroom, a seminar room, and a workshop.

“This project is a great addition to the Finance program that we began in 2018,” Cazenovia President Ron Chesbrough said in a news release. “Through this lab, students will gain a greater understanding of automated trading systems and other technological advances in economics, so they are fully prepared for finance- oriented careers.”

Cazenovia’s Finance program offers students the flexibility of choosing to pursue a Bachelor of Science or Bachelor of Professional Studies degree.

Additionally, students may choose to pursue an accelerated program, allowing them to earn their degree in three years.

The grant to the College is part of $86.2 million that was announced for the five- county Central New York region at the event in Albany. Established in 2011 by Gov. Andrew Cuomo, the REDC has 10 designated regions across the state.