Small Business Finance News

Increasing Educational Opportunities For Entrepreneurs

Written by Jenna Weiner
Published: 12/16/2009

Wachovia will help start a Wells Fargo Entrepreneurship Center.

In recent news for small business owners, Wachovia Wells Fargo and Wake Technical Community College will be partnering to offer new resources to Wake County SMB owners and those considering entrepreneurial ventures.

Entrepreneur Building Up Trend

Wachovia will help the college create a Wells Fargo Entrepreneurship Center, and will commit $150,000 to the center in scholarship funds to get it started. "Entrepreneurs are the life blood of our economy and their success will help our city and country emerge from this economic downturn," Jack Clayton, triangle east regional president for Wachovia, told the Triangle Business Journal.

The center will offer curriculum programs for college credit. It will also provide an online community where entrepreneurs can share ideas on the center's website, and it will host a lecture series to connect students with successful SMB owners.

These academic and networking resources stand to give entrepreneurs a bright outlook. According to the Wall Street Journal, many college graduates say their academic experiences helped prepare them for entrepreneurship.

Additionally, a report from the Kauffman Foundation indicates that many successful entrepreneurs say the networks they created during their education helped their future success.

Wells Fargo is not alone in creating more education opportunities for blossoming entrepreneurs; a separate report from the Kauffman Foundation indicates that many colleges will soon be offering more entrepreneurial programs to accommodate the increasing interest students have in entrepreneurship.

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