Union gift support entrepreneurship

Union First Market Bank has pledged $300,000 in support of Pamplin’s Center for Innovation and Entrepreneurship. The gift will be used to establish the Union Junior Faculty Fellowship in Entrepreneurship and to provide funding for activities related to the center’s mission.

The Fellow will teach courses, conduct research, and engage with the entrepreneurial community. Activities that the gift will support will include an Innovation through Entrepreneurship business plan competition.

This commitment is an early indication of the level of enthusiasm from the business community that we had hoped for as we revised our strategic plan, said Pamplin dean Robert Sumichrast.

The gift is part of a multi-year partnership between the university and the Richmond, Virginia-based bank that includes sponsorship of Virginia Tech athletics.

"As the largest community bank headquartered in Virginia, we understand the importance of entrepreneurship to the Virginia economy and believe this partnership will build the skills necessary to successfully start new ventures in the commonwealth," said Union’s chief executive officer, Billy Beale. Union is committed to improving financial literacy and building financial acumen to empower the next generation to create new jobs and make sound financial decisions.

Virginia Tech Pamplin College of Business Virginia Tech Pamplin College of Business Magazine Fall 2014

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