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01-18-2013

M&T Bank Supports Clarkson University Reh Center with $25,000 Gift

Clarkson University recently received a $25,000 grant from M&T Bank to support small business and community development through programs and services provided by the Reh Center for Entrepreneurship.

A resource center located within the Clarkson University School of Business and named for principal donor and Clarkson alumnus David D. Reh `62, the Reh Center for Entrepreneurship builds upon the University’s nationally recognized expertise in entrepreneurial education and long-standing commitment to boost regional economies through small business development.

“This generous grant from M&T Bank will assist the Reh Center in fulfilling the mission, which it was created for,” said Clarkson University President Tony Collins. “We are grateful to M&T Bank for their continued support of Clarkson University.”

The Reh Center for Entrepreneurship has raised the profile of both the University and the School of Business through programs that enhance the student experience. This has attracted national media coverage in the Wall Street Journal, CNN Money, CBS Marketplace, American Public Radio, the Chronicle of Higher Education, and in Time magazine. The Entrepreneurship Program has been ranked #15 in the nation by both the Princeton Review and Entrepreneur Magazine.

“Entrepreneurship is at the heart of the U.S. economy. Small businesses and start-ups put capital to work -- creating jobs and developing innovative products and services,” said Allen Naples, Central New York regional president, M&T Bank. “The Reh Center for Entrepreneurship’s focus on local small business partnerships and community development aligns with our focus as a bank. We hope that these funds will help drive entrepreneurship in central New York.”       

Since 2004, the center has provided guidance and training to more than 800 local businesses through its introductory course, My Small Business 101. The course is a four-part business strategy series designed to help entrepreneurs and microbusiness operators succeed.

Since its inception, the My Small Business 101 series has achieved an 85 percent two- and five-year business survival rate, compared with a 45-percent survival rate, nationally.

The next My Small Business 101 course will be held March 4, 11, and 25, and April 1 from 6-8 p.m. in Clarkson University’s Bertrand H. Snell Hall Room 212 on Clarkson’s hill campus (#16 on map at http://www.clarkson.edu/about/clarkson_map.pdf ).

For more information about the Reh Center or to register for the My Small Business 101 course, contact Erin Draper, Director of Operations for the Reh Center for Entrepreneurship at 315-268-3995 or edraper@clarkson.edu.
Clarkson University launches leaders into the global economy. One in five alumni already leads as a CEO, VP or equivalent senior executive of a company. Located just outside the Adirondack Park in Potsdam, N.Y., Clarkson is a nationally recognized research university for undergraduates with select graduate programs in signature areas of academic excellence directed toward the world’s pressing issues. Through 50 rigorous programs of study in engineering, business, arts, sciences and health sciences, the entire learning-living community spans boundaries across disciplines, nations and cultures to build powers of observation, challenge the status quo, and connect discovery and engineering innovation with enterprise.

[News directors and editors: For more information, contact Michael P. Griffin, director of News & Digital Content Services, at 315-268-6716 or mgriffin@clarkson.edu.]

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