Georgia Tech receives $5M for business sustainability center

Georgia Tech's Scheller College of Business has received a $5 million gift to rename the Center for Business Strategies for Sustainability in honor of industrial engineering graduate and businessman Ray C. Anderson.

The $5 million award will be distributed to Tech over the next decade, providing a term-of-years naming for the Center, to be called the Ray C. Anderson Center for Sustainable Business. In 2013, the Anderson Foundation committed the initial three-year, $750,000 seed funding that established the Center. Since its founding, the Center has as been active in driving new research and developing course work in business sustainability for students at all levels.

Anderson, a 1956 Tech honors graduate, was the founder of Interface, the world’s largest manufacturer of modular carpet, marketed as Interface and FLORAnderson. He was awarded an honorary doctorate from the university in 2011.