Wednesday, April 29, 2009
Zachary Gantz, a Westminster College sophomore business administration major, won the 2009 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 16 in presentations of the top four business plans to a panel of judges.
The winning plan detailed the start-up of a business to train thoroughbred racing horses and provide consulting expertise on the selection, purchase, breeding, and handling of the horses. Gantz outlined a realistic timetable that had the business start small (four horses) and grow to a full complement of 10 horses and a staff of qualified training assistants. Gantz included a complete, realistic, and well-researched analysis of the operational aspects of the profession, along with the revenues, costs, and challenges in a little understood but very competitive market, according to the judges.
Gantz is a son of Edward and Barbara Gantz of Hermitage and a graduate of Hickory High School.
The other competition finalists were:
Kyle Pierce, a junior business administration and economics major who earned third place in the 2008 competition, earned second place with a plan for a creative entertainment venue involving live dueling pianos in Myrtle Beach, a resort location known for its night life but lacking in this specific type of entertainment. Second place honors include a $1,500 academic scholarship. Pierce is a son of John and Sandra Pierce of North Canton, Ohio, and a graduate of Green High School.
Alicia Seitz, a sophomore business administration and accounting major, tied for third place with a plan for a German-style deli in the center of a predominantly German neighborhood in Canfield, Ohio. She earned a $1,000 academic scholarship. Seitz is a daughter of Daniel and Marcia Seitz of Hubbard, Ohio, and a graduate of Hubbard High School.
Steven LaRue, a sophomore business administration and financial economics major, tied for third place with a plan for a bed-and-breakfast business with a restaurant in New Wilmington. LaRue also earned a $1,000 academic scholarship for his efforts. LaRue is a son of William and Linda LaRue of Ligonier and a graduate of Ligonier Valley High School.
Contact Dr. Gail Miller, Westminster professor of business, at (724) 946-7168 (e-mail email@example.com) or David Smith, Westminster assistant professor of accounting, at (724) 946-7161 (e-mail firstname.lastname@example.org) for additional information.
About Westminster College...
Founded in 1852 and related to the Presbyterian Church (U.S.A.), Westminster College is ranked 15th among liberal arts colleges, according to the Washington Monthly 2007 Annual College Guide. Westminster is a national leader in graduation rate performance, according to U.S. News Guide to America's Best Colleges, and is one of the most affordable national liberal arts colleges in Pennsylvania. Westminster is also honored as one of "The Best 368 Colleges" and "Best in the Northeast" by The Princeton Review, and was recognized by the Templeton Guide as a "Character Building College."
Nearly 1,600 undergraduate and graduate students benefit from individualized attention from dedicated faculty while choosing from 41 majors and nearly 100 organizations on the New Wilmington, Pa., campus.