Monday, April 23, 2012
Zachary Cramer, a Westminster College senior accounting and business administration major, won the 2012 David W. Edward Entrepreneurship Scholarship competition. The award includes a $3,500 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 3 with a presentation of his business plans to a panel of judges.
Cramer's winning plan detailed the start-up of TL - The Lounge, a restaurant/lounge in downtown New Wilmington. The facility would fill a niche market not currently provided in town: a restaurant with a variety of foods priced to attract the college-student budget as well as many local residents with evening entertainment and late-night service.
The plan outlined a well-researched business analysis, as well as a realistic location and marketing plan capable of creating and supporting a local 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.
Cramer is a son of Steven Cramer of Luthersburg and a graduate of DuBois Area High School.
Contact Dr. Gail Miller, Westminster professor of business, at (724) 946-7168 (email) or David Smith, Westminster associate professor of accounting, at (724) 946-7161 (email) for additional information.
About Westminster College...
Founded in 1852 and related to the Presbyterian Church (U.S.A.), Westminster College ranks first in the nation as "Best College for Women in Science, Technology, Engineering and Math," according to Forbes.com. Westminster, a top-tier liberal arts college, ranks third in graduation rate performance, according to U.S. News Best Colleges guide. Westminster ranked 6th among liberal arts colleges in social mobility, according to the Washington Monthly College Guide, and is one of the most affordable national liberal arts colleges in Pennsylvania. Westminster is also honored as one of "The Best 376 Colleges" by The Princeton Review, and is named to the President's Honor Roll for excellence in service learning.
Nearly 1,600 undergraduate and graduate students benefit from individualized attention from dedicated faculty while choosing from 42 majors and nearly 100 organizations on the New Wilmington, Pa., campus. Visit www.westminster.edu/advantage to view "Advantage: Westminster" A Strategic Plan 2010-2020.