In 2006 the Province gave $40 million as an endowment fund to establish the Centre for Digital Media. The Government's objective with this funding was to build Vancouver's prominence as a digital media hub. Among other things, this included launching a Masters of Digital Media (MDM) graduate degree program that would be operated by the Trustee and issue a degree credentialed by all four partners. The Trustee has outsourced operational management of the MDM program to SFU under a Management Services Agreement. As of 2012, GNWC President Matthew Carter claimed that its academic program would break even financially (previously it had been running a deficit in the order of $388,000 per year), and the debt incurred from the site acquisition would be repaid. In January 2013, British Columbia premier Christy Clark announced the province's intention to fund a $130 million relocation of the Emily Carr University of Art and Design to the GNWC property. In April 2017, Catherine Warren was appointed president of Great Northern Way Trust. In 2018, Great Northern Way adapted and no longer has a president. The Centre for Digital Media is described as together business, academia and the general community into an emerging district for the digital and creative sectors in Vancouver, British Columbia. It offers a full-time Masters of Digital Media program and a part-time version, the Executive Masters of Digital Media, as well as student housing. The area immediately surrounding the Centre has office space for digital media companies, which not only recoups revenue but is also meant to facilitate the interaction between the Centre and the digital media industry. Space at the GNWC complex is occupied by the four partner academic institutions, plus a number of commercial tenants and student housing. From 2012 onwards, GNWC has had commercial tenants that are aligned with the Trust’s vision for the campus, including Scalar Decisions, Blackbird Interactive, GRAND (Graphics, Animation and New Media Canada), Discovery Parks’ Generator, Conquer Mobile, and Image Engine. In 2012, Image Engine partnered with Rainmaker Entertainment Inc. and Digital Domain and received financial backing from Toronto-based Scalar Decisions to set up a render farm at GNWC. Dubbed ‘RenderCloud,’ the facility’s goal is to offer scalable, high-end VFX development capabilities to major movie studios, and prevent them from being lured away to competitors in countries such as New Zealand and England. The RenderCloud facility is leasing 3,500 square feet of space from GNWC at reportedly ‘favorable’ rates.