Grand Bank N.A. of Hamilton Township provided a $50,000 grant to Rider University to create a free entrepreneurship program for veterans who want to create or expand their business.
Dr. Ronald Cook, director of Rider’s Center for Entrepreneurial Studies, said the seven-week program—comprised of two half-day workshops and six weeks of classroom studies taught by Rider University professors—will range in topics from accounting fundamentals and business operations to market research and financial strategies.
The program will be offered this summer on Rider’s Lawrenceville campus, and space is limited—there will only be 15 students per class to achieve individualized attention.
“There will be very tangible outcomes from this program…participants will learn the essential information they need whether they want to create a start-up, buy a franchise, or expand their current company,” said Dr. Steven Lorenzet, dean of the College of Business Administration at Rider University, in a recent press release.
“When we proposed this idea to Rider University, they were immediately on board with our concept of the program and how it would benefit our returning service men and women,” said Mark Wolters, president and CEO of Grand Bank, in a recent press release.
According to the U.S. Census Bureau, veterans own nearly one in 10 small businesses nationwide, employing almost six million people and generating over one trillion dollars in revenue.
Rider University, founded in 1865, is a private, coeducational university with 5,500 students located in Lawrenceville and Princeton.
Grand Bank, incorporated in 2002, has two full-service branch offices and a corporate office in Hamilton Township.
Applications for the Veteran Entrepeurnial Program must be submitted online at http://www.rider.edu/university-veteran-entrepreneurial-program.
ALSO ON NJBIZ: