The U.S. Department of Education has awarded a $550,000 congressionally-directed grant to the University of Minnesota, Crookston to establish the Center for Rural Entrepreneurial Studies (CRES). While additional financial support may be sought, currently, 100 percent of the funding will go directly to financing the CRES. The Center, housed in the Business Department, is physically located in 117 Dowell Hall at the U of M, Crookston, a campus known for its strong history of supporting innovation and entrepreneurship in the region.
The CRES will expand connectivity to the region's educational institutions, economic development organizations and financial institutions, as well as to state and federal small business support agencies and aspiring entrepreneurs in Northwest Minnesota. The CRES will launch a Web site this fall and preparations are underway to begin operations in January 2011.
"We are both excited and honored to be the home of this new Center for Rural Entrepreneurial Studies," says Sue Brorson, professor and head of the Business Department at the U of M, Crookston. "Our focus will be on entrepreneurship issues in rural areas, and we will be working to support and to find innovative ways to aide entrepreneurs and small business development."
Photo sitting (l to r) : Kevin Cooper and Rachel Lundbohm, UMC business department faculty members. Standing (l to r): Janessa DeBoer and Lindsey Fouts.