SUNY, Federal Reserve Bank of New York Announce Partnership to Support Student Entrepreneurs

March 17, 2016

Chancellor Zimpher To Launch Partnership at "Rising Enterprise Summit" in New York City Friday

New York City – The State University of New York and Federal Reserve Bank of New York (New York Fed) today announced a partnership to support students interested in entrepreneurial ventures and field study. SUNY Chancellor Nancy L. Zimpher will launch the partnership tomorrow in New York City, where SUNY and New York Fed will co-host 100 students for a "Rising Enterprise Summit" highlighting the challenges aspiring entrepreneurs face and how to address them.

"SUNY and New York Fed share a commitment to providing aspiring entrepreneurs with the access, knowledge, and hands-on experience necessary to initiate a successful business in New York," said Chancellor Zimpher. "We are looking forward to working with New York Fed. They are an ideal fit for SUNY’s applied learning program and can provide invaluable financial guidance for our students pursuing business interests."

"Promoting economic growth and opportunity as well as community development are goals the State University of New York and the Federal Reserve Bank of New York share," said Anand Marri, Head of Outreach & Education for New York Fed. "The Applied Learning program provides an invaluable opportunity to strengthen the cooperation between our institutions."

The SUNY-New York Fed partnership will increase student awareness and access to applied learning opportunities throughout SUNY, workforce development, entrepreneurship, access to capital for early-stage companies, and financial management.

The "Rising Enterprise Summit" will be held at the SUNY Global Center in New York City, beginning tomorrow at Noon. The forum will guide aspiring entrepreneurs through strategies for conquering student loan debt, steps for creating a business plan, accessing innovative and non-traditional sources of investment capital, and marketing challenges in the age of social media.

The summit is open to all students at no cost. Registration and agenda information is available online.

Representatives from RocketHub, Happy Mango, Kiva Zip, On Grid Ventures LLC, Harvard Business School Alumni Angels of Greater NY, GreenPath Financial Wellness, Operation Hope, the Minority Business Development Institute, Monitor SN, and Lux Beauty Club will be in attendance to meet with students during the summit.

About the State University of New York
The State University of New York is the largest comprehensive system of higher education in the United States, with 64 college and university campuses located within 30 miles of every home, school and business in the state. In 2015–16, SUNY served nearly 1.3 million students, including nearly 600,000 in credit-bearing courses and programs and more than 700,000 through continuing education and community outreach programs. SUNY students and faculty across the state make significant contributions to research and discovery, resulting in nearly $1 billion of externally sponsored activity each year. There are 3 million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunity, visit www.suny.edu.


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