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Coleman Foundation Elevator Grants Winners Get Year-End Boost by Earning $31,800 in Matching Funds

Tuesday, January 04, 2011   (0 Comments)
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Matching Funds Bring Total Received via NACCE Competition to $99,300

Springfield, MA – January 4, 2011 – Community colleges from across the nation that received $67,500 in Elevator Grants at the 8th Annual Conference of the National Association for Community College Entrepreneurship (NACCE) last October have now been awarded an additional $31,800 by the Coleman Foundation, a private, independent grantmaking foundation whose interests include entrepreneurship education.

Nine community colleges each received a $7,500 base grant at the NACCE Conference. The Coleman Foundation targets the grants to specific projects designed to support entrepreneurship education. This year for the first time, grant-winning schools were encouraged to generate financial support for their proposed projects from entrepreneurs in their communities. The Coleman Foundation pledged to match these monies to a maximum of $5,000. Eight of the schools succeeded in raising funds within their community and have thus received additional funds from the Coleman Foundation.

"We are very encouraged by how the grant winners followed through and took advantage of the opportunity to earn the matching funds,” says NACCE Executive Director Heather Van Sickle. "This new component adds a strong element of entrepreneurialism to the grant process. We are constantly trying to make the connection between supporting entrepreneurship education and acting entrepreneurially with our NACCE members, and this effort by the Coleman Foundation is a wonderful example of how that can be done.”

"While the Foundation can assist in catalyzing entrepreneurship education activity, we recognize that it will be sustained only through the development of local support by local champions,” says Clark McCain, Senior Program Officer at the Coleman Foundation. "These matching grant recipients are demonstrating that local entrepreneurs and other funders are there, in their communities, poised to support entrepreneurship education.”

The projects and amount of matching funds the schools received are:

  • Dakota County Technical College (MN) will hold a two-week "BizTech Academy" that will link nanotechnology, innovation and entrepreneurship education. Matching funds $2,500.
     
  • Metropolitan Community College (NE) will develop 20 faculty champions for entrepreneurship from across campus to embed entrepreneurship concepts into their classes. Matching funds: $1,300. 

  • Lorain County Community College (OH) will provide assistance in business start-up to "adult transition" students returning to college after years out of high school. Matching funds: $5,000.

  • Jamestown Community College (NY) will provide SBDC technical assistance to military veterans interested in starting or expanding a business. Matching funds: $5,000. 

  • Flathead Valley Community College (MT) will implement a seminar series providing entrepreneurship skills to independent construction professionals. Matching funds: $5,000

  • Jones County Junior College (MS) will develop and implement its first entrepreneurship courses and curriculum. Matching funds: $3,000.

  • Minnesota State Community and Technical College (MN) will establish a regional incubator to assist in growing new businesses in a local community. Matching funds: $5,000.

  • Montgomery County Community College (PA) will offer consulting services in Accounting, Law, Marketing and Technology to new and existing community entrepreneurs. Matching funds: $5,000.

  • Northern Wyoming Community College (WY) will offer workshops and newsletters to assist entrepreneurs to capitalize on opportunities in the local tourism economy. No matching funds awarded.

About The Coleman Foundation

The Coleman Foundation is a private, independent grantmaker focusing primarily on supporting Midwest non-profit organizations.Foundation resources support cancer care, treatment and research, developmental disability services, and entrepreneurship education. In 1981, the Foundation began to question why individuals are encouraged to "get a job” rather than to "create” one.Since that time, the Foundation has committed over $46 million to improve the quality of entrepreneurship education, promote the option of self-employment, and help create a new generation of business owners.For more information, visit http://www.colemanfoundation.org.

About NACCE

NACCE connects community college administrators and faculty with knowledge and successful practices regarding entrepreneurial thinking, entrepreneurship education, and student business incubation. NACCE holds an annual conference and symposium, publishes a quarterly journal, hosts monthly webinars and podcasts and a dynamic list-serv, develops Web resources such as shared entrepreneurship curricula and syllabi for faculty, and creates guides in beginning and sustaining entrepreneurship and student business incubation programs as well as tips for grant proposals specific to entrepreneurial endeavors at community colleges. For more information, visithttp://www.nacce.com.


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