Shaw University President Dorothy Cowser Yancy yesterday signed a Strategic Alliance Memorandum with the Small Business Administration, making the university the first HBCU in North Carolina and one of 10 nationwide to enter into partnership to spur entrepreneurship and economic development in its surrounding community.
“The SAM agreement is a tremendous opportunity for Shaw students to learn more about entrepreneurship and to one day develop their own businesses that will contribute to the nation’s economy,” Dr. Yancy said. “We thank the SBA for embracing education, innovation and the importance of supporting our young men and women in their business endeavors.”
The partnership will help Shaw in offering conferences, training and information to members of the campus and surrounding community in creating small businesses and strengthening entrepreneurial skills. The two-year agreement is one of 59 the SBA plans to develop at HBCUs over the next few years.