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UB, School of Management to Invest $525,000 in CEL

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Jacqueline Molik Ghosen

BUFFALO, N.Y. -- The University at Buffalo and the School of Management have announced plans to invest $525,000 in the school’s Center for Entrepreneurial Leadership (CEL) to expand both the scope and reach of its activities.

Funding will be provided in equal shares by the School of Management and UB’s “3 E Fund,” a competitive program created by UB President Satish K. Tripathi to spur collaborative initiatives that will enhance the institution’s impact around the “3 Es” – excellence, engagement and efficiency – that serve as the guiding principles of Tripathi’s vision for UB.

The center will use the money over the course of the next three years to expand its role in economic development efforts at UB as a partner with regional business and industry that require entrepreneurial strategies to survive and thrive in today’s economy. The following initiatives are key components of the CEL’s expansion plan:

“Advancing entrepreneurship is vital to invigorating the university and Western New York,” says Arjang A. Assad, dean of the UB School of Management. “This additional support will help the CEL bring its expertise to the region’s culture of entrepreneurship, fostering communication, collaboration and cooperation between faculty, researchers, regional businesses, community leaders, employees and students.”

Established in 1987, the UB Center for Entrepreneurial Leadership promotes business growth through leadership development and experiential learning.

“We are excited to have such an outstanding opportunity to strengthen the center and take things to the next level,” says Tom Ulbrich, executive director of the CEL.

To foster the development of entrepreneurship in the region, the CEL provides a number of programs across a range of entrepreneurial environments. Nearly 900 CEL alumni employ more than 22,000 Western New Yorkers, and their businesses are worth more than $2 billion to the local economy. For more information, visit mgt.buffalo.edu/cel or contact the CEL at 716-885-5715 or mgt-cel@buffalo.edu.

The UB School of Management is recognized for its emphasis on real-world learning, community and economic impact, and the global perspective of its faculty, students and alumni. The school has been ranked by Bloomberg Businessweek, the Financial Times, Forbes, U.S. News & World Report and The Wall Street Journal for the quality of its programs and the return on investment it provides its graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.

The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system and its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.