logo
Meet President Shane Smeed: Utah Tech's new leader anxious to optimize school's evolving opportunities

Meet President Shane Smeed: Utah Tech's new leader anxious to optimize school's evolving opportunities

Yahoo28-05-2025
Newly appointed Utah Tech University President Shane Smeed's first day on the job — May 1 — happened on the same day as the school's annual graduation ceremony.
'So my very first day was a commencement — and on my second day, we had three additional commencement ceremonies,' Smeed recently told the Deseret News editorial board.
'So within the first 48 hours of me serving as president, we had the fortunate opportunity to be able to celebrate some of the most exciting days in the lives of our students and their families.'
Smeed's enthusiasm to be sharing his personal achievements with those of the UTU student body, simultaneously, seems apropos at a moment of historic change — both within the UTU community and across Utah's higher education system.
Perhaps none of the state's degree-granting public institutions has experienced the level of growth in recent years as UTU.
During the 2000s, the school originally known as the St. George Stake Academy went from being Dixie State College to Dixie State University and now, since 2022, Utah Tech University.
Even the school mascot has evolved: Rebels to Red Storm to Trailblazers.
Meanwhile, UTU's enrollment has grown every year since 2013, increasing by almost 60% to over 13,000 students today. Of the school's 304 academic programs, 60% have been developed within the past seven years.
One reason why UTU has become a popular higher ed destination for many Utahns — 82% are in-state students — is obvious: It's the most affordable university in the state.
But the school's 19th president believes UTU's opportunities extend beyond affordability and program growth.
While some in Utah's public higher education system view recent legislation demanding budget reallocations as a hostile act against traditional learning, Smeed sees opportunities.
HB265, he counters, 'allows us to reinvest money in the places where we think can be impactful — not only in (students') educational experience, but also in the workforce and preparing them to meet workforce needs and its requirements."
Additionally, Smeed is anxious to reconnect with members of the UTU community who may have separated themselves from the school. UTU, he said, is their asset.
'It's an asset for the state. It's an asset for the community and (Washington County). I see my role as president as every bit 'externally facing' as internal — so it's a great opportunity.'
Prior to Smeed's hiring, UTU was without a president for over a year after President Richard 'Biff' Williams stepped down from the position. Williams, who now serves as president of Missouri State University, was included as a defendant in an ongoing lawsuit alleging Title IX violations in the wake of a vulgar prank.
When asked if those divisive investigations have harmed UTU's reputation, Smeed said his new job offers him the opportunity to be 'a spokesperson for the university' going forward.
'Reputationally, our community will see that our students are probably the best representation of who we are as a university.'
A Utah native, Smeed served for almost four years as the president of Missouri's Park University, where he championed education/workforce readiness and expanding the Park campus for military-affiliated students.
He and his wife, Angela, are the parents of three children.
Smeed presided over Park University while also serving as the president of The Church of Jesus Christ of Latter-day Saints' Platte City Missouri Stake.
While going through the UTU job application process and meeting with Utah's higher education leaders and members of the Washington County community, 'I realized that this was a special place,' he said.
'I was born in Provo, Utah — so this was a great opportunity for me to come back to my home state.'
As an academic, Smeed said he was drawn to UTU's polytechnic mission. 'I believe that it most readily prepares our graduates to meet the workforce needs.'
The Beehive State offers a variety of colleges and universities, both public and private, that are relatively affordable and boast a wide range of academic programs.
Smeed is confident that UTU — an open-enrollment institution — is a campus where Utahns can thrive academically, while saving a few bucks at the state's most affordable university.
'There's been a big question about whether or not the value of higher education is still there today — but the facts show that a person with a college degree will earn $1.2 million (over one's lifetime) more than one with just a high school diploma,' he said.
'So if you're from Washington County, you can expect to make $20,000 more annually than someone who only has a high school diploma.'
Smeed also highlights UTU's campus growth over the past decade that has transformed the campus. He's committed to building relationships with the philanthropic community to raise funds and secure scholarships.
Such efforts, said Smeed, will allow UTU students 'to graduate with less debt, or no debt, by the time they're finishing their education — especially for those that are looking for opportunities with internships.
'And then they're ready to hit the job force and really help with workforce development.'
Smeed noted that UTU is evolving in real-time even as Washington County's population booms.
A new performing arts center and a general classroom building are under construction on campus — and a new residence hall was recently completed.
Expect such growth markers and physical footprints to increase in the coming years, he said.
'The growth that's happening in St. George in Washington County is a tremendous opportunity for us to attract more students from Washington County and within the state,' Smeed said, noting that more than half of the school's students come from inside the county.
While some have been alarmed by the budget reallocation demands placed on Utah's public colleges and universities by HB265, Smeed sees the new legislation as an opportunity to better educate and prepare students.
The state-mandated reallocations happening at Utah campuses should not be viewed as cuts — but, rather, reinvestments that will serve graduates well in the coming decades.
'Through our reinvestment plan, we're looking to add approximately a dozen additional faculty lines to our university.'
UTU's new president says he is already focused on building relationships with his new faculty.
'My commitment to them is to listen to their concerns and opportunities,' he said. 'They'll see me as a strategic partner — one that can understand the needs of the faculty but can also understand the broader needs of the university.
'My actions will speak louder than my words.'
Smeed is also reassuring UTU students that liberal arts studies and the humanities 'aren't going anywhere.'
Still, there might be opportunities to examine traditional programs and decide if there are ways to incorporate, say, new technologies to make them more applicable for today's job market.
Smeed's guiding administrative question: 'How can we more strategically place some of those programs in a position where students can graduate, find gainful employment and be able to meet workforce needs, now and then throughout the 21st century?'
Varsity sports at UTU made a historic leap last year to NCAA Division I competition.
Most of the Trailblazer teams are competing in the Western Athletic Conference, while the gridiron program is part of the Football Championship Subdivision.
College sports, of course, have undergone historic disruptions in recent years with the emergence of NIL and the transfer portal for athletes.
Given those recent changes, it will take 'a bit of time' to build up the school's athletic program to where it wants to be, said Smeed.
But UTU students and fans can still expect to support competitive teams. Everybody loves a winner.
'So we're only going to continue to put investment into our athletic programs,' said Smeed.
'We can't rely on student-athletes to come here without some level of incentive, and so fundraising is a big part of my role as president of the university to find ways to connect with the community, connect with corporate partners and the business community alike, and find ways where they're interested in supporting athletics.'
UTU's goal, he added, is to 'fill the stadium and fill the arena.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Galaxy Digital (GLXY) Jumps 9.66% as Firm Poised for Expansion
Galaxy Digital (GLXY) Jumps 9.66% as Firm Poised for Expansion

Yahoo

time2 hours ago

  • Yahoo

Galaxy Digital (GLXY) Jumps 9.66% as Firm Poised for Expansion

We recently published . Galaxy Digital (NASDAQ:GLXY) is one of last week's top performers. Galaxy Digital grew its share prices by 9.66 percent on Monday to close at $21.9 as investors scooped up shares amid the broader market rally, while continuing to digest its successful raising of $175 million in fresh funds for its expansion plans. In a statement late last week, Galaxy Digital (NASDAQ:GLXY) said that the fundraising program called Galaxy Ventures Fund I (GVF I) was oversubscribed by $25 million following strong investor demand, having targeted only $150 million initially. According to the company, GVF I attracted a diverse group of limited partners, including institutional investors, family offices, and strategic digital asset businesses. The portfolio included startups, namely 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card, among others. A portfolio manager pointing to a digital graph of emerging market assets. Proceeds from the offer will be used to invest in early-stage companies developing critical infrastructure and applications for the on-chain economy, as well as stablecoins, payments, and tokenization, among others. While we acknowledge the potential of GLXY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Lendbuzz Completes $266 Million Asset-Backed Securitization
Lendbuzz Completes $266 Million Asset-Backed Securitization

Business Wire

time2 hours ago

  • Business Wire

Lendbuzz Completes $266 Million Asset-Backed Securitization

BOSTON--(BUSINESS WIRE)-- Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $266 million securitization ('LBZZ 2025-2') collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans. LBZZ 2025-2 issued five classes of notes: Class A-1, Class A-2, Class B, Class C, Class D. The LBZZ 2025-2 notes have been rated by S&P Global Ratings (S&P) and Kroll Bond Rating Agency (KBRA) as K1+/NR, AAA/AA, AA-/AA-, A-/A- and BBB/NR, respectively. Goldman Sachs & Co. LLC acted as lead bookrunner and structuring agent, with J.P. Morgan Securities LLC, Mizuho, and RBC Capital Markets, LLC, as joint bookrunners; MUFG and Regions Securities LLC acted as co-managers. 'We are proud to have closed another successful transaction that deepens our access to diverse funding sources,' said George Sclavos, Chief Financial Officer at Lendbuzz. 'Our ability to continue to grow our program is a testament to the strength of our investor base and a powerful testament to our investors' confidence in the performance of our credit model.' To date, Lendbuzz has completed more than $2.1 billion of publicly syndicated asset-backed securitizations and remains committed to growing the program as part of its diverse funding strategy. The additional capacity will allow Lendbuzz to continue on its mission to offer fair access to credit for underserved populations. About Lendbuzz Lendbuzz is an AI-based financial technology company that helps consumers obtain better access to credit when purchasing a vehicle. Powered by alternative data and machine learning algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit history—a group underserved by traditional banks. Through our auto dealership partners, Lendbuzz offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diverse customer base. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.

UPenn still acknowledges Lia Thomas records in update after resolution with Education Department
UPenn still acknowledges Lia Thomas records in update after resolution with Education Department

Fox News

time3 hours ago

  • Fox News

UPenn still acknowledges Lia Thomas records in update after resolution with Education Department

The University of Pennsylvania took swift action on Tuesday to adhere to the resolution agreement reached with the U.S. Department of Education Office for Civil Rights after an investigation found that UPenn violated Title IX during the 2021-22 season because of the inclusion of transgender swimmer Lia Thomas. As part of that resolution, UPenn agreed to restore individual titles and records to those female athletes that were "misappropriated by male athletes allowed to compete in female categories." However, while the university's website was updated to remove Thomas' name from a trio of records the former swimmer set during that season, the website still acknowledged Thomas' record with a note regarding NCAA eligibility rules at the time. "NOTE: Competing under eligibility rules in effect at the time, Lia Thomas set program records in the 100, 200 and 500 freestyle during the 2021-22 season," the annotation read. Thomas became the first openly transgender athlete to win an NCAA Division I title. During competition, Thomas set multiple individual records, including the 500-yard freestyle race which resulted in a national title. According to UPenn's website, Anna Kalandadze's record of 4:37.21 set in 2024 in the 500 free was restored as the new record. Kayla Fu, a freshman at UPenn, had her 2025 record in the 100 free restored as the new record. Additionally, former UPenn swimmer Virginia Burns, who set the 200 free record with a time of 1:45.51 in 2017, had her record restored as the top time. The Education Department previously launched an investigation into UPenn on Feb. 6. The Trump administration later froze $175 million in funding for the school on March 20 for failing to comply with an executive order. Then, on April 28, the Education Department's Office of Civil Rights announced its investigation concluded that UPenn did violate Title IX in its handling of the Thomas situation. As a result of this week's resolution agreement, UPenn agreed to restore records and issue apologies to female athletes impacted by those violations. "While Penn's policies during the 2021-2022 swim season were in accordance with NCAA eligibility rules at the time, we acknowledge that some student-athletes were disadvantaged by these rules," Penn President J. Larry Jameson said in a statement released by the university on Tuesday. "We recognize this and will apologize to those who experienced a competitive disadvantage or experienced anxiety because of the policies in effect at the time." Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store