Posted on Monday, April 25, 2011
Jennifer Louth, a Westminster College junior business administration major, won the 2011 David W. Edward Entrepreneurship Scholarship competition. The award includes a $2,500 academic scholarship.
The competition, conducted by Westminster's Department of Economics and Business and supported by funding from the Edward Trust in Youngstown, Ohio, requires students to prepare and present a business plan depicting the creation of a new or substantially improved business, product, service, or some combination of the three. The competition culminated April 6 with presentations of the top business plans to a panel of judges.
Louth's winning plan detailed the start-up of an events planning business in a Cleveland suburb. The plan outlined a well-researched business analysis, as well as a realistic location and marketing plan capable of creating and supporting a successful business enterprise. A set of comprehensive financial projections summarized the expectations from both a start-up and a future growth perspective, according to the judges.
Louth is a daughter of Kirk and Vicki Louth of Conneaut, Ohio, and a graduate of Edgewood High School.
Jonathan Faltot, a junior Christian education and business administration major, earned second place with a plan for a bicycle sales and repair enterprise in Boulder, Colo., that would offer average to high-end bicycle sales, service, and accessories to college students and bicycle enthusiasts. Second place honors include a $1,500 academic scholarship.
Faltot is a son of George and Joan Faltot of Mercer and a graduate of Mercer Area High School.
Contact Dr. Gail Miller, Westminster professor of business, at (724) 946-7168 (email firstname.lastname@example.org) or David Smith, Westminster associate professor of accounting, at (724) 946-7161 (email email@example.com) for additional information.