HAMDEN — Quinnipiac University announced a $10 million partnership with People’s United Bank on Thursday during a joint press conference.
“This partnership is really the joining together of two great organizations,” said Quinnipiac President John Lahey at Quinnipiac’s York Hill Campus. “A partnership like this will be associating the brand, the name and the reputation of Quinnipiac University with the equally great brand and good name and reputation of People’s United.”
As part of the 10-year agreement, People’s will donate $5 million to Quinnipiac to support two new academic centers in the School of Business, the Center for Innovation and Entrepreneurship and the Center for Women and Business.
Quinnipiac will match the $5 million donation and move its university-wide banking to People’s United Bank for the 10-year term.
“This partnership is really the first of its kind at People’s United,” said Jeff Tengel, People’s United Bank president, which “provides the opportunity to support the high-caliber education programs offered by Quinnipiac’s School of Business as well as their nationally known athletic program.”
According to a news release, the Center for Innovation and Entrepreneurship will work to turn ideas into viable business solutions, tapping into the expertise of successful business professionals, advanced research capabilities and its access to business capital.
The Center for Women and Business will serve women focused on achieving their professional goals through skill-building workshops, motivational events and networking opportunities.
Quinnipiac’s sports center will also be renamed the People’s United Center starting July 1.
The arena, located on the school’s York Hill campus, has been home to Quinnipiac’s men’s and women’s ice hockey and basketball teams since 2007. The ice hockey teams are members of ECAC Hockey while the men’s and women’s basketball teams play in the Metro Atlantic Athletic Conference.