Concord University News
For Immediate Release: 
Jun 20 2005

Governor Recommends Arc Grant of $376,040 for CU

Athens, W.Va. – Governor Joe Manchin III presented a certificate and letter of recommendation that the Appalachian Regional Commission (ARC) provide funding in the amount of $376,040 to Concord University. The recommendation was made Friday, June 10 in the Governor’s Reception Room in the State Capitol.

The funding, if forthcoming, will assist in equipping the Small Business Incubator and Entrepreneurial Studies Program of the Rahall Technology Center with modern computing and multi-media telecommunications equipment.

The Entrepreneurial Studies Program and its component Business Incubator will enroll 40 students and graduate five a year with the skills and a business plan to start up an innovative business in southern West Virginia. Businesses will be nurtured in the Business Incubator, with the goal of spinning off after a four-year cycle of operation. Thus, the Rahall Technology Center Project has the potential to infuse new businesses into the local economy, once it is fully operational. The project will concentrate on nurturing businesses with better-than-average compensation rates for their employees.

“We are grateful to the Governor and his Development office, particularly Mr. Bobby Lewis, director of the Community Development Division and Ralph Goolsby, manager of Local Capacity (Community Development Division) for their support of this project,” noted Dr. Beasley. “The Rahall Technology Center is being developed to foster the entrepreneurial spirit of students in this region and generate businesses that can be nurtured and then spun off. This Center will enhance the success rate of economic development endeavors in this region.

“Congressman Rahall is continuing to pursue opportunities from federal sources to cover the shortfall between the money-in-hand and our low bid on this important project.

“And, thanks and recognition need to go to Dr. Stephen Rowe, who chaired the building committee and steered the efforts of the Concord community toward establishing this facility.”

For more information, call 1-304-384-5288 or e-mail news@concord.edu.

-CU-


PHOTO: Region One Economic Development Authority Executive Director Norm Kirkham, Chair of the Concord University Board of Governors Margaret Sayre, Governor Joe Manchin, Concord University President Jerry Beasley, District 25 Delegate Marshall C. Long (D-WV), District 25 Delegate Thomas Mike Porter (R-WV), Mercer County Commissioner Joe Coburn, Dr. Stephen Rowe, Chair of the Technology Building Committee and Director of the Marsh Library at Concord University

PHOTO CREDIT: Photograph by Steven Wayne Rotsch, governor's photographer

PO BOX 1000, VERMILLION ST., ATHENS, WV 24712.