Concord Announces Recipients of Entrepreneurial Studies Scholarships

For Immediate Release: 
May 10 2004

Concord Announces Recipients of Entrepreneurial Studies Scholarships

Note to the editor: all high schools are in West Virginia unless noted otherwise.

Athens, W.Va. – Ten freshmen entering Concord this fall will have the opportunity to qualify for up to $20,000 in scholarships, courtesy of a new program funded by the Shott Foundation and the Tierney Foundation.

The Entrepreneurial Studies Program was developed by Concord College, and funded by the Bluefield-based foundations, to encourage students to develop and launch businesses in this region, under the tutelage of the business faculty at Concord and mentors from the business community.

Students from the following high schools were accepted into the program:

EASTERN MONTGOMERY, Va.-Bent-Lee Holland Carr,

MAN-Mark Steven Duty,

PARKERSBURG-Amanda Ruth Sprouse,

POCA-Bryan Edman Bailey,

SHADY SPRING-Dereck Allen Severt,

SUMMERS CO.-William Gary Jones,

TAZEWELL, Va.-Whittney Brooke Graham,

WESTSIDE-Valerie Marie Larry, Ryan Scott Blankenship and

WYOMING EAST-Charles Monroe Bullins II.

Dr. Susan Faulkner, director of the Entrepreneurial Studies Program, stated that, “The applicants had to complete a very rigorous application process, including a description of a business idea, and there were no duplications of ideas in the applications. Business ideas included a bed and breakfast, community center, real estate company, retail music store, computer technology company, orthopedic care center, law practice, antique business and accounting business, among others. A panel of business leaders from the community reviewed the applications, interviewed the applicants and made the final determination for awarding the scholarships. Each student will get $2,500 per semester, which is renewable for a total of eight semesters, as long as he or she continues to meet the program’s qualifications.

“We had applications from 13 counties in West Virginia and three states in addition to West Virginia. The greatest number of applications came from Wyoming County,” she concluded.

The Program will be administered by the College’s division of business, as several business classes will be required throughout the course of the program, including business communications, accounting, management, entrepreneurship, marketing, introduction to the legal environment and finance. Students may, however, major in any program of study offered by the College.

“Our students have already demonstrated true entrepreneurship,” stated Dr. Kendra Boggess, chair of the business division. “Our business club manages a book buy-back program. Last year they signed a note with a local bank, borrowed $10,000, and made a profit of more than 70 percent. The students rewarded themselves with a trip to Europe.”

Business leaders who selected the students, included: Selection Committee Chair, Byron “Ron” Satterfield, Bluefield, retired executive banker and business owner; Wilma Anderson, Hinton, business owner; Jack Phillips, Beckley, business owner; and Earl Goodwin, Princeton, business owner.

For information on the Entrepreneurial Studies Program, contact Dr. Susan Faulkner, 1-304-384-6084 or


PHOTO: Members of the Entrepreneurial Program selection committee and business faculty from Concord met with applicants in the State Room in May to review their business proposals.