The Center for Urban Entrepreneurship and Economic Development

National Association of Women Business Owners business plan competition awarded $16,000 prize

Date: 
Friday, June 6, 2014
Location: 
New Brunswick, NJ

The 6th Annual National Association of Women Business Owners - Central Jersey (NAWBO-CJ) Chapter Business Plan Competition, Supporting Emerging Entrepreneurs’ Development (SEED) was hosted on the Rutgers University New Brunswick - Douglas campus on Tuesday, May 20, 2014.  The evening’s competition included the final five contestants with the best business plans who were selected from 38 New Jersey women entrepreneurs by a panel of notable judges.

Chris Pflaum, speaking on behalf of Rutgers' New Ventures & Entrepreneurship Group, expressed excitement about partnering with NAWBO-CJ on the S.E.E.D. event and recognizing women entrepreneurs in New Jersey.

Keynote speaker Jasmine Cordero, Managing Director of The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School, offered attendees insight on business building when the entrepreneur is faced with draining challenges.

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TAGS: Entrepreneurship The Center for Urban Entrepreneurship and Economic Development Women in Business

Research by Jerome Williams shows discriminatory practices in the retail sector and also in the banking sector

Date: 
Friday, May 30, 2014
Location: 
New York, NY

Minority entrepreneurs who feel their road to success is more difficult than others may not be imagining things.

Sterling Bone, an assistant professor at the Jon M. Huntsman School of Business at Utah State University, said research he has completed shows that entrepreneurs who are minorities face more obstacles to success and deal with the rejection they sometimes experience differently than their Caucasian counterparts.

Bone's conclusions were recently published in the Journal of Consumer Research, a top academic publication. He collaborated on the paper with Glenn L. Christensen, Garrett Research Fellow, and associate professor of marketing at the Marriott School of Management at Brigham Young University, and Jerome D. Williams, the Prudential Chair in Business and research director of the Center of Urban Entrepreneurship & Economic Development at Rutgers Business School.

“Therefore, it is appropriate to continue asking the question: 'Is the glass half empty, or is the glass half-full?' in terms of progress being made in eradicating discrimination in the marketplace,” Williams said. “If marketers continue to remain insensitive to racial and ethnic minority consumers, they run the risk of alienating these segments and, as a result, suffering severe economic consequences.”

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TAGS: Entrepreneurship Jerome Williams Marketing Prudential The Center for Urban Entrepreneurship and Economic Development

Professor Jerome Williams is quoted by Business News Daily about research revealing racism's impact on small business loan applications

Date: 
Friday, May 30, 2014
Location: 
New York, NY

"If you are white and set out to get financing for an entrepreneurial venture, it might be a tough journey," said study co-author Glenn Christensen, an associate professor of marketing at Brigham Young University. "But, generally speaking, you would experience fewer obstacles and find more help along the way than if you came from an African-American or Hispanic background."

"While racial and ethnic minorities have made significant progress in terms of race relations over the past several decades, the harsh reality is that there still are remnants of discrimination in society," said co-author Jerome Williams, director of the Center of Urban Entrepreneurship and Economic Development at Rutgers Business School. "It is appropriate to continue asking the question, 'Is the glass half empty, or is the glass half full?' in terms of progress being made in eradicating discrimination in the marketplace."

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TAGS: Jerome Williams Marketing The Center for Urban Entrepreneurship and Economic Development

Marisa Blackwell flourishes with a little help from her friends

Date: 
Monday, May 12, 2014
Location: 
Newark, NJ

Marisa Blackwell founded Cravings from her home in 2008, now operating from a modest space on Halsey Street.

At first she used her home and “borrowed” commercial kitchens as she gained her earliest clients, including Rutgers. For nearly six years, she has catered for Rutgers Business School’s Executive MBA program under a weekly, 150-person assignment that spans about nine months annually.

Cravings has operated at Halsey and Linden streets since 2010, thanks largely to some help from real estate investor and philanthropist Paul Profeta. With a zero-interest loan from the Profeta Urban Investment Foundation and guidance from Rutgers Business School, Blackwell was able to renovate the space and set up shop in one of the city’s main corridors alongside Broad Street.

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TAGS: Executive MBA Farrokh Langdana Paul Profeta Profeta Urban Investment Foundation The Center for Urban Entrepreneurship and Economic Development

Professor Jeffrey Robinson lends expertise to U.S. News & World Report article on choosing an MBA program in entrepreneurship

Monday, May 5, 2014

U.S. News & World Report highlighted the insights of Rutgers Business School Professor Jeffrey Robinson in a recent article about what students should consider when they're making a decision about where to pursue an MBA in Entrepreneurship.

TAGS: Entrepreneurship Expertise Faculty Jeffrey Robinson MBA The Center for Urban Entrepreneurship and Economic Development

5 Questions to ask when choosing an MBA Entrepreneurship Program

Date: 
Thursday, May 1, 2014
Location: 
Washington, DC

1. Is entrepreneurship an official track or concentration? A school that has entrepreneurship as a designated area of study may treat this area of business more seriously than schools that don't. "That in it of itself says there's some commitment by the school in this area,” says Jeffrey Robinson, the academic director for the Center of Urban Entrepreneurship and Economic Development at Rutgers, the State University of New Jersey.

At the business school, MBA students can select entrepreneurship as a concentration and take required courses as well as electives such as Technology Ventures and Social Entrepreneurship.

Robinson, whose first business included selling CDs, records and cassette tapes as a Rutgers undergrad, encourages students to also ask if their school of interest has a center for entrepreneurship.

"Centers are good at a few things," he says. "One of them is coordinating activities from inside and outside of the school."

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TAGS: Entrepreneurship Jeffrey Robinson Management and Global Business The Center for Urban Entrepreneurship and Economic Development

From Rutgers to Founders entrepreneurship panel shares experience and insights

Date: 
Monday, April 14, 2014
Location: 
Newark, NJ

On March 27, 2014 Scarlet Startups, a Meet-up focused on the entrepreneurial alumni and student community of Rutgers University, in partnership with Collective Entrepreneurs Organiztion, a Rutgers student organization focused on entrepreneurship, hosted a panel discussion entitled “From Rutgers to Founders”. 

Held at Rutgers Business School in Newark New Jersey, two Rutgers entrepreneur alumni discussed “their work, their experience as entrepreneurs, and how they got to where they are." They were joined by a third panelist representing the New Jersey Economic Development Agency (NJEDA), a quasi-government agency that provides financial assistant to New Jersey small businesses.

Moderator Alfred Blake, Assistant Director of Undergraduate Entrepreneurship Programs at Rutgers Business School, interweaved the entrepreneur discussion with information about financial resources for startups provided by the NJEDA panel representative.

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TAGS: Entrepreneurship LaToya Battle-Brown The Center for Urban Entrepreneurship and Economic Development Undergraduate Newark

New Jersey Business Education Summit connects leaders of higher education and industry to benefit students and economy

Friday, March 14, 2014

The 2nd Annual New Jersey Business Education Summit, Friday, March 14, brought together leaders of higher education in business to discuss how to collaborate and further strengthen business education in the State of New Jersey.  Hosted by Rutgers Business School, over 100 educators and administrators listened to lively panel discussions, shared experiences and ideas, and asked questions.

TAGS: Marty Markowitz Rutgers Business School The Center for Urban Entrepreneurship and Economic Development Undergraduate New Brunswick

Rutgers Center for Urban Entrepreneurship and Economic Development Proud to Be Inaugural #LearnToEarn Host

Date: 
Tuesday, February 25, 2014
Location: 
Newark, NJ

“That was an amazing presentation! The feedback we received was very positive.” – Jasmine Cordero, Managing Director of the Entrepreneurship Pioneers Initiative (EPI) part of Rutgers’ Center for Urban Entrepreneurship & Economic Development – (CUEED) located in Rutgers Business School in 1 Washington Park Newark, Newark, New Jersey.

Mr. Sandeep “Sunny” Kancherla’s live address, at the NJSDBC Small Business Blended Learning event, was met with the kind of fervor synonymous with a real leader in the digital and online business space, but this was only in attest to the resounding success of the overall event.

The first Small Business Blended Learning event was fittingly held at Rutgers Business School, featuring the staunch support of local industry heavyweights like BusinessLearningTree.com, but it was the (NJSBDC) New Jersey Small Business Development Center’s Sandeep Kancherla, affectionately known as “Sunny” to his most diligent of students and partners, who lit up the scene and really touched local entrepreneurs where it matters most.

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TAGS: Entrepreneurship Entrepreneurship Pioneers Initiative Management and Global Business The Center for Urban Entrepreneurship and Economic Development

Audible founder and CEO Donald Katz helping draw technology and other growth-minded industries to Newark

Date: 
Monday, February 10, 2014
Location: 
Newark, NJ

Audible founder and CEO Donald Katz has been named chairman of Brick City Development Corp., the Newark economic development agency said Monday.

Katz, who moved the online audio book provider to the city in 2007, replaces former Newark Deputy Mayor Adam Zipkin after serving three years as a BCDC board member, the agency said in a news release. In his new role, Katz is expected to help the BCDC focus on drawing the technology sector and other growth-minded industries.

Katz's move to the new role comes as Lyneir Richardson, BCDC's chief executive, prepares to leave next month to lead the Center for Entrepreneurship and Economic Development at the nearby Rutgers Business School. In a prepared statement, Richardson said Katz "has the vision to engage the city's future leadership and to shepherd BCDC into Newark's next era."

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TAGS: Audible.com City of Newark The Center for Urban Entrepreneurship and Economic Development

CEO Lyneir Richardson leaving Brick City Development Corporation to lead The Center for Urban Entrepreneurship and Economic Development at Rutgers Business School

Saturday, February 1, 2014

Brick City Development Corp. CEO Lyneir Richardson has spent the past four years advocating for urban revitalization in Newark. He plans to do the same thing at his next job, except from a broader vantage point.

Richardson will now lead the Center for Urban Entrepreneurship and Economic Development at Rutgers Business School. He starts his new role March 3.

TAGS: City of Newark The Center for Urban Entrepreneurship and Economic Development

Business owner with ties to The Center for Urban Entrepreneurship and Economic Development scores with sale to Super Bowl Host Committee

Wednesday, January 29, 2014

When the Super Bowl host committee reached out to local business owner, Kim Osterhoudt, founder and CEO of Jams by Kim, they requested a sample of her jam and then selected the blueberry and lemon jam to place in gift bags for all of the NFL owners during the Super Bowl.

TAGS: Entrepreneurship Pioneers Initiative Rutgers Business School The Center for Urban Entrepreneurship and Economic Development

Rutgers Business School creates $3M entrepreneurship chair

Date: 
Thursday, January 23, 2014
Location: 
Somerset, NJ

Newark Rutgers Business School Dean Glenn Shafer announced Thursday the creation of a $3 million George F. Farris Chair of Entrepreneurship, a new faculty position that will enhance the school's efforts to provide entrepreneurial studies to future students.

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TAGS: Entrepreneurship The Center for Urban Entrepreneurship and Economic Development

Rutgers Business School strengthens focus on entrepreneurs with $3 million George Farris Chair in Entrepreneurship

Wednesday, January 22, 2014

Rutgers Business School Dean Glenn Shafer announced the creation of the $3 million George F. Farris Chair in Entrepreneurship, an endowed faculty position that will enhance the school’s efforts to provide a premier program of study to new generations of entrepreneurs.

TAGS: City of Newark Entrepreneurship George Farris Glenn Shafer The Center for Urban Entrepreneurship and Economic Development

Entrepreneurship Pioneers Initiative recognized for education innovation

Monday, January 20, 2014

Rutgers Business School’s Entrepreneurship Pioneers Initiative received a special recognition award for education innovation during the annual conference of the United States Association for Small Business and Entrepreneurship.

TAGS: City of Newark Entrepreneurship Entrepreneurship Pioneers Initiative The Center for Urban Entrepreneurship and Economic Development

CEO Lyneir Richardson leaving Brick City Development Corp. to lead the Center for Entrepreneurship and Economic Development at Rutgers Business School

Date: 
Thursday, January 16, 2014
Location: 
Newark, NJ

Brick City Development Corp. CEO Lyneir Richardson has spent the past four years advocating for urban revitalization in Newark. He plans to do the same thing at his next job, except from a broader vantage point.

Richardson will now lead the Center for Entrepreneurship and Economic Development at Rutgers Business School, also based in Newark. He starts his new role March 3.

"It's four blocks away," said Richardson, who moved to Newark from Chicago when taking reins at BCDC. "I'm not leaving the city or leaving the work. I'm taking a different seat at the table."

Richardson said the next phase of Newark's economic development requires more focus on strengthening neighborhoods by better connecting residents to local resources. Rutgers-Newark is the right place to do that, said Richardson, who noted that Chancellor Nancy Cantor has stressed the role of universities as anchors of communities.

The entrepreneurship center pushes urban revitalization by combining academic research with boots-on-the-ground private capital and resources from the public and nonprofit sectors.

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TAGS: Brick City Development Corporation The Center for Urban Entrepreneurship and Economic Development

RADIUS Magazine Debuts

Date: 
Tuesday, November 19, 2013
Location: 
Newark, NJ

"A decade ago, only the most intrepid of travelers embraced the city and everything it had to offer," recalls RADIUS publisher Paul Profeta. "Now, people all over the region are taking ownership of Newark as 'their city.' I cannot begin to express how pleased I am to see how attitudes have turned around. RADIUS will only accelerate that process."

Profeta is a longtime business leader in Newark, and a member of the Rutgers Business School's Board of Advisers. He is also the founder of the Profeta Urban Investment Foundation, which partnered with Rutgers Business School to launch or expand minority-owned businesses in Newark. Over the past few years, Profeta has both supported and spearheaded innovative business development initiatives in the city, creating powerful connections that led to the genesis of RADIUS.

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TAGS: Paul Profeta The Center for Urban Entrepreneurship and Economic Development

Excitement and Potential Pitfalls of Entrepreneurship

Date: 
Friday, October 18, 2013
Location: 
Woodland Park, NJ

Two groups of Rutgers Business School students have learned both the excitement and potential pitfalls of entrepreneurship while designing products they believe could find a niche in their respective markets.

The ideas, Zurge+, a touch-screen kiosk that would dispense a small portable cellphone charger for a fee, and CampusBord, a mobile app that condenses news and information on college-related events and activities into one place, will be promoted by Rutgers Business School as part of its FundSPARC initiative.

Through that initiative, supported by the business school's Center for Urban Entrepreneurship and Economic Development, the groups paired up with business professor Brett Gilbert, Department of Management and Global Business who mentored them through "crowdfunding" campaigns.

Gilbert, who teaches classes on innovation and creativity in entrepreneurship, said after she recognized the potential of the two ideas, crowdfunding through the website RocketHub.com seemed like a way to get the ideas off the ground.

"I thought the CampusBord concept was something anyone who lives or works on a college campus could relate to – if you've ever seen a bulletin board on campus, you know they can get messy really quickly," Gilbert said. "As for Zurge+, we've all been out and about and suddenly we see that our phone is out of battery. Their idea would allow you to simply walk up to a kiosk and keep going.”

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TAGS: Brett Gilbert Entrepreneurship The Center for Urban Entrepreneurship and Economic Development

Students fundraise for website to help university community connect

Date: 
Thursday, September 19, 2013
Location: 
New Brunswick, N.J.

Campuses nationwide are cluttered with bulletin boards, but some think it is time to make outdated technology a thing of the past.

Three Rutgers Business School students are creating a website, CampusBord, to update students on campus happenings. They are currently relying on crowd funding to get the project off the ground.

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TAGS: Brett Gilbert Entrepreneurship Technology The Center for Urban Entrepreneurship and Economic Development

Student entrepreneurs launch crowd-funding campaigns to finance development of their innovations

Tuesday, August 27, 2013

An initiative called FundSPARC gives students a taste of what it's like to raise the money necessary to turn an idea into a prospective business venture. Two groups of students are using RocketHub, an online crowdfunding platform, to move their ambitious plans forward.

TAGS: Entrepreneurship Fundraising The Center for Urban Entrepreneurship and Economic Development Undergraduate Newark

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