Today, they are awarded $100,000 for their ingenious business plans that may very well be used by Ford Motors. But as a whole, you have to wonder if this contest was really aimed to bring out the best business plans according to the eyes of yuppie entrepreneurs or a strategy that can be considered by Ford Motors to help enhance its business operations.

The next generation of business leaders took home top prizes at the 2009 Ford HBCU Business Classic in Atlanta, GA on April 17. The business plan competition was held at Clark Atlanta University and showcased the best and brightest minds from Historically Black Colleges and Universities around the country. Student teams from Florida A&M University and Howard University were awarded $100,000 in scholarship prizes for their groundbreaking business plans.

Students were challenged to test their entrepreneurial ambitions before a panel of judges, comprised of influential entrepreneurs from the business community. Each team was scored on the viability of their business plans, their overall presentation and the business plan’s potential benefit to the community.

(Source) Press

Tags: ambitions, black colleges, business classic, business leaders, business operations, business plan competition, business plans, community source, ford motors, panel of judges, scholarship prizes, showcased, top prizes, viability, yuppie

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It looks like the never-ending dilemma of companies folding due to the recession has added another one with the announcement that Gates Corporation is shutting down its Rockford plant. Gates employs 150 people in Rockford. The production work they were doing will be absorbed into Gates’ other North American production facilities.

“We are in a very competitive business, both here and internationally. We regret having to consider any plant closing,” said David Gau, President of Gates Fluid Power. “The closure is not a reflection on the performance of the plant employees or plant operations. Rockford has been in operation for a long time, and we respect and appreciate our longstanding relationship with our employees and the community”.

“We are in a very competitive business, both here and internationally. We regret having to consider any plant closing,” said David Gau, President of Gates Fluid Power. “The closure is not a reflection on the performance of the plant employees or plant operations. Rockford has been in operation for a long time, and we respect and appreciate our longstanding relationship with our employees and the community”.

(Source) WREX

Tags: Closure, community source, david gau, dilemma, fluid power, gates corporation, long time, longstanding relationship, plant gates, plant operations, recession, reflection, rockford

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