ICCI breaks ground for new business building

The International College of the Cayman Islands broke ground for a new
business building at its Savannah-Newlands campus on Friday.

The facility, named in honour of college alumni Carlyle
and Martha McLaughlin, costs $218,000 to build; completion is scheduled for
2011.

The building will include two high-tech classrooms for
finance and accounting.  Each classroom
will be equipped with a smart board, an interactive tool that combines the
power of a computer with the simplicity of a white board, similar to CNN’s
magic map.

“Smart board technology is expected to continue to gain a
presence in board rooms, so it is a good tool for both instructors and students
to adopt in their class presentations and then use it in the business
environment,” said college president John Cummings.

“The reason we chose to name the building after Carlyle
and Martha McLaughlin was because of their generosity over the years in both
time and funds as students, alumni and trustees to the college. It is also
significant because Mr. McLaughlin’s career and public service are evidence
that it is possible to get a high quality college education in the Cayman
Islands.”

Mr. McLaughlin, a retired senior partner from
Ernst&Young and a former chairman of the Cayman Islands Monetary Authority,
credited the launch of his 25-year career in accounting to ICCI and said it was
a privilege to have the new building named in their honour. “The Cummings
family and the college has had an enormous impact on our lives, which was the
driving reason for our support. I trust that this new building will allow the
college to continue its purpose to educate a new generation of young people in the
Cayman Islands,” he said.

According to Mr. Cummings, the building was greatly
needed.

“Over the last three years, the number of students
attending the International College has grown to the point that it has used all
of its classrooms in its existing two buildings.”

He added that the college has even resorted to converting
offices into classrooms to accommodate more business courses. “Demand for more
business classes is expected to continue to rise steadily over the next year,
particularly for accounting, finance and banking courses to keep up with the
competitive job market,” he said. 

Both the Cayman Islands Society of Professional
Accountants and the Cayman Islands Fund Administrators Association have
sponsored the fitting out of a classroom.

Phoenix Construction was awarded the contract for the
building. Phoenix’s general manager, Barbara Anley, said “Phoenix is proud to
have been selected for this much- needed and worthwhile project.  Education is an immensely important factor in
the success not only of individuals, but also of countries as a whole.”

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