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.
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 is a top tier liberal arts college, a national leader in graduation rate performance, and a "Great School, Great Price," according to U.S. News Best Colleges guide. Westminster ranked 38th among liberal arts colleges, 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 373 Colleges" and "Best in the Northeast" 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 41 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.