January 27, 2004
Rolex Gives $1 Million to Watchmaking School
Rolex USA donated $1 million to fund the watchmaking school at St. Paul College in St. Paul, MN. The donation, the school's largest, will come in $200,000-a-year increments for the next five years.
The funds will purchase equipment and hire a second full-time instructor for the program. The school is one of four U.S. watchmaking schools certified by the Watchmakers of Switzerland Training and Educational Program (WOSTEP).
Instructor Joe Juaire told the St. Paul Pioneer Press the funds are needed to update aging equipment and will also serve to put the program on the map internationally. The program, with 16 full-time and 16 part-time students, will aim to reduce its student/teacher ratio to 12-to-1 with the additional instructor.
In 2000, Rolex donated $1 million to the WOSTEP-certified watchmaking school at North Seattle Community College and has opened its own school at its new service center in Lititz, PA. That school graduated its first class last year.
For details about St. Paul College, contact Juaire at (651) 846-1408 or go to saintpaul.edu.