Company Notebook

Company Notebook

Bay Path University Names Sandra Doran Its Sixth President

Sandra Doran

LONGMEADOW — The Bay Path University board of trustees announced today that Sandra Doran has been selected by unanimous vote to become the sixth president of Bay Path effective June 30. She will succeed Carol Leary, who retires in June following her 25-year presidency of Bay Path. Doran’s appointment is the culmination of a comprehensive, 10-month, national search process. “Sandy Doran is a charismatic leader who cares deeply about women’s education and is passionate about access to education and student success,” said Jonathan Besse, board chair. “She has an impressive and broad background in a variety of complex organizations, all of which flourished greatly under her leadership.” Doran is currently president of Salem Academy and College in Winston-Salem, N.C. As president, she led an inclusive and aggressive strategic planning process that resulted in a transformation of the college as evidenced by unprecedented growth in enrollment and fundraising. “I am humbled by the trust the board has placed in me to continue the spirit of innovation here at Bay Path,” Doran said. “The visionary nature of President Leary is inspiring and unprecedented in higher education, and I look forward to working with the Bay Path faculty and staff to build on her legacy. Serving our students, and providing them with a superior learning experience, gives us all great joy. I look forward to engaging with all members of our community, students, faculty, staff, alumni, trustees, and our business and philanthropic partners.” Doran holds a juris doctor degree from the Syracuse University College of Law and a bachelor’s degree in political science from Southern Methodist University. Before serving at Salem, Doran was CEO at Castle Point Learning Systems (CPLS), a company that develops innovative teaching and learning technologies incorporating artificial intelligence and adaptive learning algorithms to provide better student outcomes in the fields of science, technology, engineering, and math (STEM). Prior to her position at CPLS, she was president of the American College of Education in Indianapolis, where she grew the organization into the fifth-largest graduate school of education in the country, serving more than 5,000 adult and non-traditional students. Her professional experience also includes positions at Stevens Institute of Technology in New Jersey as an entrepreneur-in-residence, as well as at the New England Board of Higher Education as national policy director. Early in her legal career, she transitioned into higher education, joining Lesley University in Cambridge in 2004 as chief of staff, vice president, and general counsel. Doran currently serves as chair of the board for Advancing Quality in Educator Preparation and on the board of the Online Learning Consortium. She was named the Triad Business Journal’s Most Admired CEO, and Power Player of 2019.

AIC to Offer Graduate Program in Cannabis Science and Commerce

SPRINGFIELD — American International College (AIC) will offer a master of science program in cannabis science and commerce beginning in the fall of 2020, the first of its kind in this region. The 30-credit, hybrid graduate program is designed for individuals interested in a career in the cannabis industry and will provide students with an understanding of the science, business, and legal issues associated with the cannabis industry. The program offers education in the areas of basic science, including chemistry, horticulture, cultivation, uses, and delivery systems; business management, marketing, and operations; and federal and state laws and policies. According to a March 2020 jobs report issued by Leafly, the world’s largest cannabis website, over the past four years, legal cannabis has supported nearly a quarter of a million jobs. That equates to a 15% annual uptick in employment. For more information regarding the AIC’s master of science program in cannabis science and commerce, visit www.aic.edu/cannabis.

MGM Springfield Revenues Rebound in January

SPRINGFIELD — The Massachusetts Gaming Commission reported that gross gaming revenue (GGR) at MGM Springfield totaled $20.6 million in January, up from $18.9 million in December, which was its worst-ever full month. Meanwhile, the Encore Boston Harbor casino recorded $48.6 million in GGR in January, down from $54 million in December, while Plainridge Park Casino posted $11.1 million in January, an almost $900,000 increase from December and its first monthly uptick since last spring. MGM Springfield’s January GGR totaled included $14.9 million from slot machines and $5.7 million from from table games. The facility named a new president and chief operating officer following December’s poor numbers, replacing Michael Mathis with Chris Kelley.

Country Bank Donates More Than $900,000 in 2019

WARE — Country Bank reported its donations to area nonprofits totaled $905,049 last year. Throughout 2019, more than 500 organizations in the communities the bank serves received donations, including the Children’s Trust, Ludlow Community Center Boys and Girls Club, Ronald McDonald House, Habitat for Humanity, Project Bread, and the Massachusetts Coalition for the Homeless, among many others. Recognizing the importance and overwhelming need to help organizations that address hunger, Country Bank provided monetary donations exceeding $100,000 to food programs throughout the region. The recipients of these funds included Friends of the Homeless, Springfield Rescue Mission, and the Food Bank of Western Massachusetts, as well as many local food pantries. In addition, Country Bank’s employee charitable giving program raised more than $30,000 in 2019 through events such as jeans days, bake sales, and raffles, and employees volunteered more than 1,000 hours of personal time at various events within the bank’s communities.

Bank of America Entrusts More Than $22 Million to Community Foundation

SPRINGFIELD — After collaborating with the Community Foundation of Western Massachusetts (CFWM) for 29 years, the Bank of America in May transferred three trusts totaling more than $22 million to the Valley-wide grant funder. The move brings CFWM’s total earned assets from roughly $153 million to $175 million and bolsters its role as an enduring philanthropic leader in the Pioneer Valley. Founded in 1990, CFWM administers a charitable endowment consisting of more than 600 separately identified funds totaling approximately $175 million. Some of these charitable assets are unrestricted and used to meet emerging and changing needs in the region. Others support named nonprofit organizations or provide financial support to college-bound students. Still others are donor-advised, offering flexibility to donors in timing, amount, and beneficiary of their giving. Last year, CFWM awarded $7.3 million in grants to nonprofits and $2.2 million in scholarships and interest-free loans to more than 770 area students. The Bank of America funds will continue to support a wide variety of organizations for generations to come, from grassroots community food pantries to region-spanning arts programs — and will preserve the original donors’ wishes to support their communities in perpetuity. The three trusts transferred from the bank to the foundation are the Eugene A. Dexter Charitable Fund, established in 1944; the Nan and Matilda Heydt Fund, established in 1960; and the Valley Charitable Trust Fund, established in 1960. All three were originally created to support and serve charitable organizations and interests with a focus on Springfield and Hampden County.

Eversource Earns Award for Using Smart Technology to Reduce Peak Energy Usage

BOSTON — An Eversource program that pays customers to use less electricity during high-demand periods has received an award for Outstanding Achievement in Residential Program Design & Implementation by the Assoc. of Energy Services Professionals. The award recognizes the company’s ConnectedSolutions demand-response program, which leverages customer-owned devices, such as wireless thermostats, battery storage, and electric-vehicle chargers, to reduce electric use during peak periods, when the cost and greenhouse-gas emissions of electricity in New England are at their highest. More than 9,000 customers have enrolled in the volunteer demand-response program in Massachusetts and Connecticut. Customers allow their devices to automatically communicate with Eversource during regional peak energy periods, resulting in a short reduction of power or, in the case of batteries, a reduction of the stored energy. Residential customers with eligible connected wireless thermostats, battery storage, or electric-vehicle chargers can participate and earn incentives ranging from $20 to more than $1,000 a year. The energy company anticipates that, at full enrollment, the collective ability to call on these customers during high-demand periods could have the environmental equivalent effect of taking 20,000 homes off the grid.

EforAll Holyoke Seeks Mentors for Summer Business Accelerator

HOLYOKE — EforAll Holyoke is actively seeking both English- and Spanish-speaking volunteers to participate as mentors in the summer 2020 business accelerator program. Accelerator mentors come from a variety of backgrounds and use their business and leadership experience to guide new entrepreneurs through the process of turning their idea into a growing business. Mentors work in teams of three and are matched with an entrepreneur based on schedule availability and the desire to work together. The team meets as a group to help reaffirm topics and themes raised during classes, while also strategizing with the entrepreneur on how to reach their specific goals during the program. This is a high-touch, year-long commitment. Mentor teams have 90-minute, in-person meetings for three months and then meet once a month for the following nine months. Anyone interested can e-mail [email protected] for more information.

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