Honeywell said it would provide UNC Charlotte with $10 million to transform a campus science building into the “Honeywell Innovation Hub,” a 155,000-square-foot complex.
CEO Vimal Kapur disclosed the plans at a campus event on Monday. The facility will feature improved engineering labs and simulation spaces equipped with Honeywell technology. Plans also call for newly endowed faculty positions to strengthen research in AI safety, grid resilience and smart infrastructure, the university said.
The company’s goal is to promote workforce development, STEM education and the region’s economic growth, Kapur said.
Beyond the building plans, the Charlotte-based company says it will award 48 Honeywell Scholarships over the next decade. Six students sharing $180,000 in scholarships were announced on Monday.
Honeywell moved its corporate headquarters to Charlotte from New Jersey in 2018. This is the company’s first philanthropic gift to UNC Charlotte. The company announced a $1 million gift to Central Piedmont Community College in 2022. Kapur succeeded Darius Adamczyk as CEO in 2023.
Honeywell is in the midst of splitting into three companies focused on aerospace, automation and advanced materials. The automation company is the largest, with annual revenue of $18 billion, and it is expected to be spun off later this year.
Solstice Advanced Materials will spin out in the fourth quarter, followed by Honeywell Aerospace in the second half of 2026. Honeywell will then become a pure-play global automation business, based in Charlotte, with annual revenue in the $18 billion range.
Honeywell Aerospace will be based in Phoenix. The advanced materials will have a headquarters in Morris Plains, New Jersey.
UNC Charlotte enrolled 32,207 students for the fall 2025 semester, surpassing last year’s record of 31,091. That includes nearly 6,000 graduate students. It’s the third-largest campus in the UNC System, trailing NC State University and UNC Chapel Hill.
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