The Department of Defense’s effort to bring America to the forefront of textile technology manufacturing and innovation is gaining a strategic foothold in the region. Drexel University, in collaboration with DoD-supported Advanced Functional Fabrics of America (AFFOA), is establishing a statewide center that will help companies, entrepreneurs and innovators take their advanced-textile concepts from prototype to product and prepare America’s workforce for the quality jobs this growing sector is generating. Called the “Pennsylvania Fabric Discovery Center,” this statewide resource is the first hub located outside of AFFOA’s home state of Massachusetts. It will be part of a national network intended to lower the barrier to commercialization for functional fabrics, resulting in advanced textiles that do things like see, hear, sense, communicate, generate and store energy. 

Drexel University experienced a strong year for its endowment and continues to grow the $722 million pool for the future of the University.

Brandywine Realty Trust, in partnership with Drexel University, broke ground today on Phase I construction of the mixed-use, master-planned Schuylkill Yards development in University City. The first phase of the $3.5 billion, multi-year project will enhance the public realm by creating a 1.3-acre community park at the corner of 30^th and Market Streets to be known as Drexel Square, followed by the reimagination of the former Bulletin Building, and the development of two towers at 3003 JFK Boulevard and 3025 JFK Boulevard.

Daniela Muñoz went to Singapore expecting to learn about entrepreneurship and innovation. She came away with a newfound appreciation for the dynamics of an increasingly globalized world. 

A poll asked a panel of business school professors to grade Microsoft’s reaction to President Trump’s decision to end the Deferred Action for Childhood Arrivals immigration policy. The company signed an open letter to Trump in support of DACA, urged Congress to settle DACA before moving to tax reform and vowed, " if Dreamers who are our employees are in court, we will be by their side."

Halfway through his first year as dean, Daniel Filler opened up about his high hopes for the trajectory of the Kline School of Law, how the school is adapting to changes in legal education, and why it’s necessary to keep one eye on the present and one on the future.

Saxbys Chief Executive Officer and Founder Nick Bayer will join Drexel University President John Fry to commemorate the opening of a second cafe on Drexel’s campus. Opening its doors on June 27 from 10 a.m. to 2 p.m., the new Saxbys is the company’s second cafe at Drexel and the third in the nation exclusively operated under student supervision as part of Saxbys’ Experiential Learning Program.

Research consistently shows that when target CEOs receive extra benefits during mergers, takeover premiums are lower. According to Eliezer Fich, PhD, professor of finance in Drexel University’s LeBow College of Business, this is often interpreted as a conflict of interest: target CEOs sacrifice premiums for personal gain, facilitating a wealth transfer from target to acquirer shareholders.

For many patients, what helps make their hospital stay a much better experience is the help of a good health care provider at their bedside. But what helps these providers perform better? A recent study showed that feeling empowered goes a long way in dynamic settings like those of hospitals and empowerment can be promoted by creating an environment that encourages proactive behaviors directed toward prioritizing patient care.

Calvin Kim transferred to Drexel University in 2015 after realizing the pre-dentistry path he was on didn’t match his passions. Now studying finance and fresh off a successful co-op at Goldman Sachs, he’s ready for whatever comes next.

General Electric CEO Jeff Immelt recently said “protectionism makes the U.S. look weak not strong,” in a speech recently delivered at Georgetown University, openly disagreeing with many of President Donald Trump’s policies. He continued to say that while the systems of free trade didn’t work well enough for all in the United States, withdrawing from trade deals isn’t the answer.

This weekend’s NFL Draft and Penn Relays will focus the sports world’s attention squarely on Philadelphia. Like usual, members of Drexel’s sport management program will be behind the scenes helping make it all happen.