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The Center for Urban Entrepreneurship & Economic Development
Creating wealth without borders™
2009, Issue No. 1
business.rutgers.edu/cueed
Business
Science
Technology
The Center for Urban Entrepreneurship &
Economic Development (CUEED)
celebrates 1st year
The Center for Urban Entrepreneurship & Economic Development (CUEED) is
celebrating its 1st year. And, it has been a very successful year! Since we launched CUEED
last October, we have accomplished quite a bit. This, our first newsletter, highlights
our successes, accomplishments, and future initiatives. Walking down Halsey Street in
Newark, you can see the impact CUEED has had on the revitalization of Newark. Through
our partners, we were able to obtain funding for several businesses on Halsey Street. As a
result of our efforts, the City of Newark has named Halsey Street a demonstration project,
set aside funds for façade and streetscape improvements, and added parking.
CUEED’s vision is to be recognized locally and throughout the
world as the leading Center for innovative thinking and research
and stimulation of entrepreneurial activity in urban environments.
This year we launched the Entrepreneurship Pioneers Initiative (EPI), providing training
and counseling to first-generation entrepreneurs. In conjunction with our partners, we
held various seminars that engaged and educated the community.
CUEED’s vision is that it is recognized locally and throughout the world as the leading
Center for innovative thinking and research and stimulation of entrepreneurial activity in
urban environments. We work across constituencies to create new knowledge and tools
that build thriving urban communities.
Our mission is to build a world class research-driven, teaching and practitioner oriented
urban entrepreneurship and economic development program that will transform the
dt ogilvie, PhD
Associate Professor and Director of
The Center for Urban Entrepreneurship &
Economic Development
Also in this issue
Entrepreneurship Pioneers Initiative p.2
MBA entrepreneurship concentration p.2
CUEED sponsored funding & Support p.3
Past events p.3-4
economy of the City of Newark, New Jersey, and other urban centers; create wealth in
Upcoming events p.4
urban communities; and be a model for all urban universities.
New CUEED professors p.5
Thank you to all of our partners, fellows, volunteers, students, and associates. Your
collaboration has helped spur CUEED’s growth and helped us carry out our mission.
Dr. dt ogilvie, Associate Professor and Director of The Center for Urban Entrepreneurship &
Economic Development
The Center for Urban Entrepreneurship &
Economic Development
1 Washington Park
Newark, NJ 07102
Phone: 973-353-5987
Fax: 973-353-5427
www.business.rutgers.edu/cueed
The Center for Urban Entrepreneurship & Economic Development
2
Entrepreneurship Pioneers Initiative (EPI) helps entrepreneurs grow, create jobs
On May 15th, the Entrepreneurs Pioneers
Initiative kicked off its first session. EPI
is a comprehensive program developing
entrepreneurs in the North Jersey region
that invests in the human and social
capital of first generation entrepreneurs.
Selected participants receive intensive
training to help them grow their business,
group and 1-on-1 counseling, networking
opportunities, and mentoring.
EPI gained a great deal of attention in
Northern New Jersey, receiving hundreds
of applications of which 50 were chosen.
The 50 entrepreneurs gathered at the Paul
Robeson Center at the Rutgers Newark
campus and were excited to get started.
“The goal is for these entrepreneurs to take
their businesses to the next level,” said
Instructor LaTanya Junior lectures emerging entrepreneurs taking part in CUEED’s
Entrepreneurship Pioneers Initiative which seeks to grow businesses and create jobs.
Jeffrey Robinson, PhD, Assistant Professor
of Management and Global Business at
The New Jersey Entrepreneurship
Institute for Entrepreneurial Leadership,
Rutgers Business School and Assistant
Pioneers Initiative (EPI) is sponsored by
Greater Newark Business Development
Director of CUEED. “We believe this
The Center for Urban Entrepreneurship
Consortium, and Rutgers-Newark Small
initiative will ultimately create new jobs in
& Economic Development at Rutgers
Business Development Center.
New Jersey.”
Business School in partnership with The
New MBA concentration in entrepreneurship to develop student’s entrepreneurial potential
This Fall (2009), the faculty approved
faculty, guest speakers, and their peers as
Concentration with various course options
CUEED’s proposal for an MBA
they prepare to begin or continue their
including: Technology Ventures, Social
Entrepreneurship Concentration, a new
entrepreneurial endeavors.
Entrepreneurship, Urban Entrepreneurship
academic concentration in the MBA
program at Rutgers Business School Newark
and New Brunswick. This is an exciting
development, as the entrepreneurial
concentration enables students to
acquire and develop fundamental and
essential skills and knowledge to ground
their entrepreneurial zeal, imagination,
and energy. In this new concentration,
the faculty are drawn from a range of
backgrounds, training, and experiences.
Our students can therefore enrich their
understanding of entrepreneurship
through lively interaction with our
“Our deep dive into entrepreneurship
combines fostering an entrepreneurial
culture wherever you work, whether it be a
small firm or large enterprise,” said Susan
Gilbert, Executive Director and Associate
Dean of the MBA Program. “We want our
MBA students to create new sources of
wealth, jobs, and revenues in New Jersey
and Economic Development, and
Evaluating New Business Ventures,
among others,” said Assistant Professor of
Management and Global Business, Jeffrey
Robinson. “These courses provide students
with an opportunity to understand the
dynamics of starting and running different
types of ventures.”
and around the world.”
Entrepreneurship Undergraduate Major
This fall semester, six courses in the
In response to a great demand among our
entrepreneurship concentration were
undergraduate students, CUEED is in the
offered, and ten will be offered in
process of developing the curriculum for
the spring of 2010. “Students will be
an undergraduate major and minor in
able to tailor their Entrepreneurship
entrepreneurship.
3
The Center for Urban Entrepreneurship & Economic Development
CUEED sponsored funding initiatives & business support
CUEED has worked with various entities to
In September 2009, Chris & Ade Seditha
provide funding for businesses on Halsey
received funding from Community
Street, as a result of which The City of
National Bank and the Greater Newark
Newark designated it as a demonstration
Business Development Consortium, with
block for entrepreneurial expansion.
assistance from the Brick City Development
Our goals are to turn Halsey Street into a
Corporation, to expand Newark Art
destination and to foster a 24/7 University
Supply’s custom framing business.
Past Events
In conjunction with various partners,
CUEED hosted several conferences and
seminars throughout the year. Below is a
highlight of those events.
CUEED Research Assembly
The purpose of this event was to bring
together researchers from various
universities with a common interest in
Urban Entrepreneurship to exchange
research perspectives and ideas. This
event focused on the future of CUEED
and its role in the urban renaissance
of Newark, New Jersey. This initiative
was funded by the President of Rutgers
University.
The State of Minority and Women
Businesses in New Jersey: A Public
Policy Forum
CUEED helped entrepreneur John Murray secure financing to open a cafe on Halsey
Street, part of the City of Newark’s demonstration block for entrepreneurial expansion.
community, providing entertainment, arts,
CUEED is working with other business
and retail for our students, Newarkers, and
owners to acquire funding for their
visitors to Newark.
businesses that would be located on Halsey
In December 2008, John Murray received
the first award from The Profeta Urban
Investment Fund (Profeta Fund) to launch
the Coffee Cave, a coffee house on Halsey
Street with art exhibits, poetry nights, and
the ideal location for a rich, hot cup of
coffee.
In August 2009, Peter Learmont received
funding from the Profeta Fund to
purchase equipment that would allow
him to expand his business, Porta Print
Publishing, by bringing in-house jobs that
had been outsourced.
Street In addition, small businesses on
Halsey Street have received consulting
services from students enrolled in the
Urban Entrepreneurship & Economic
Development course. Students have
provided marketing advice, accounting
assistance, review and development of
business plans, and other support to The
Coffee Cave; Newark Art Supply; Cravings,
A Caterer; and Porta Print Publishing.
Keep your eyes open to a new business
coming to Halsey Street, that will provide
more food options. Cravings is a small
gourmet restaurant with catering services. It
is scheduled to open in Spring 2010.
Along with Rutgers School of Law,
Greater Newark Business Development
Consortium, and New Jersey Public
Policy Research Institute, CUEED hosted
a panel discussion that explored the
current state of affairs for minority- and
women-owned businesses in New Jersey,
the public policy challenges these firms
face in contracting with New Jersey state,
county, and local government agencies,
and what can be done to improve the
overall landscape.
Essex County Green Business VIP
Breakfast Launch
In partnership with the Lincoln
Park Coast Cultural District and
ecooventions, CUEED hosted the Essex
County Green Business VIP Breakfast
Launch. Attendees heard from local
industry leaders on the state of the
Green Economy, Minority & Women
Owned Businesses, and Local Green
Businesses, and had a preview of what
to expect at the Essex County Green
Business Summit in 2010.
Past Events Continued on Page 4...
4
The Center for Urban Entrepreneurship & Economic Development
Upcoming Events
The Global Social Venture Research
Conference in Shanghai, China
The Global Social Venture Research
Conference is a collaboration between
Shanghai University, CUEED, and the
University of International Business and
Economics in Beijing. The Conference
will engage business and organization
scholars in a discussion of social
entrepreneurship theory and practice.
The aim of this conference is to bring
together various international perspectives
on social entrepreneurship from scholars
and practitioners for discussion and
collaboration. The theme of the conference
is “Global Harmony and Local Social
Entrepreneurship,” which acknowledges
The Global Social Venture Research Conference in Shanghai, China November 19-23,
looks at the role of social entrepreneurs in creating a “harmonious society.”
the role of social entrepreneurs in creating
a “Harmonious Society.”
November 19 – 23, 2009
Shanghai, China
(Sociology, Economics, Management,
Entrepreneurship, Social Work, Nursing,
Public Affairs, Public Policy, Education,
etc.) who are interested in urban economic
The Essex County Green Business
Summit
development together for research
Join businesses from around the Tri-State
speakers to campus. These will be opened
area as they showcase green products and
to the general public. This initiative
services, learn how to green their business,
is currently funded by an Academic
and network with other professionals.
Excellence Fund grant from Rutgers
Attendees, sponsors, and participants
University.
will learn how to identify Attainable,
Measurable, Sustainable tools that are
easy to implement, affordable ways to
green their business, monitor and track
their efforts, and of course report back to
their customers. This is in partnership
presentations and work-in-progress
sessions. Four events will bring outside
Winter 2009 – Spring 2010
Four one-day events
Rutgers
CUEED Fellows Research Symposium
with ecoventions and Lincoln Park Coast
The purpose of this event is to bring the
Cultural District.
center’s Fellows together for an annual
May 2010
Cross-Disciplinary Workshops in
Urban Economic Development
The purpose of these workshops is to
bring faculty from across the university
meeting and symposium on research in
urban entrepreneurship and economic
development. This initiative is funded by
an Academic Excellence Fund grant from
Rutgers.
...Past Events Continued from Page 3
Ladies First! Elevating Women
in the 21st Century: A Panel
and Workshop for Social
Entrepreneurs
In March, academic, community, and
cultural leaders focused on empowering
women through education and
economic development. Panelists
and participants spoke candidly about
their mission, challenges, struggles,
and about opportunities that existed to
support social entrepreneurship. The
event provided women with insight into
some of the problems women face as
entrepreneurs, as well as solutions to
those problems. The panelists included
Toni Blackman (Founder, Lyrical
Ambassador/ Echoing Green Fellow),
Jamilah B Creekmur (VP of Marketing,
Allhiphop.com), Dr. Roxanne Shante
(Pioneer MC and Founder, Hip-Hop
Ices), and Dawn Lewis, (Founder,
Pooka Pure and Simple). This event
was in partnership with the Hip Hop
Association and NJPAC-Alternate Hip
Hop Festival.
The Center for Urban Entrepreneurship & Economic Development
5
New CUEED Professors
and Visiting Scholars
STEP program increasing likelihood of student graduation
CUEED has added to its think tank of
knowledge. We would like to welcome
our new professors, Arturo Osorio,
Quintus Jett, and Ian Williamson and
our visiting scholars Jiao Hao, Cui Yu,
Abha Rishi, and Vincent Ogutu. We
also have our first Ph.D. student, James
Mason, working with the Center. Our
faculty and visiting scholars bring with
them a wealth of experience and rich
backgrounds that will help us fulfill our
mission.
School freshmen successfully completed
Grants Awarded
strategy and director of The Center of
PNC Bank awarded $25,000 for the
continuation of the Entrepreneurship
Pioneers Initiative.
Development (CUEED).
Panasonic awarded $10,130 for a
Rutgers MBA internship and for Dr. dt
ogilvie’s research projects.
Academic Education Foundation
awarded $30,000 for various
workshops and symposia.
The North Jersey Partners awarded a
$100,000 WIRED grant provided by the
U.S. Department of Labor Employment
and Training Administration for the
Entrepreneurship Pioneers Initiative
Profeta Fund awarded $50,000 for
administrative expenses.
We would like to thank all of our
sponsors.
Twenty incoming Rutgers Business
the Scholars Training and Enrichment
Program (STEP) this past summer, the
third year of the program’s operation. The
STEP program was created to increase the
likelihood that minority students would
graduate.
“The program’s goal is to increase the
graduation rate of minority students, who
are more likely to drop out than white
Tyco presents a $50,000 grant award to STEP.
(Left to right) STEP Executive Director Leon
Fraser, STEP Founding Director dt ogilvie, Tyco
Vice President of Corporate Communications
Paul Fitzhenry, Tyco Director of Human
Resources Lian Li.
students,” said program founder Dr. dt
ogilvie, associate professor of business
Urban Entrepreneurship & Economic
Results from the first two years have been
The participants came from all over the
positive. “STEP students achieved a GPA
state, from a rich diversity of racial and
that was 19.7% higher than the average
ethnic backgrounds, for an intensive six-
RBS student,” said Dr. ogilvie. “We are very
week pre-enrollment program of academic
proud of that result and hope the trend
courses and enrichment activities from
continues with our third set of students.”
June 28 to August 7 on the Rutgers-Newark
campus.
“STEP students achieved a GPA
that was 19.7% higher than the
average RBS student. We are very
proud of that result and hope
the trend continues with our
third set of students.”
“We were very pleased with the hard work
of our STEP scholars, the commitment
from the STEP staff and instructors, and
the generous support of our funders in this
endeavor,” said Dr. ogilvie.
Three sponsors have been integral to
STEP’s success since its inception: PSE&G,
dt ogilvie
Associate Professor and Director of
The Center for Urban Entrepreneurship &
Economic Development
Tyco, and Diversity Inc. Additional
sponsors are welcome to help continue the
program’s momentum.
Rutgers Business School–Newark and New Brunswick (RBS) is an integral part of one of the nation’s oldest, largest, and most distinguished institutions of higher
learning: Rutgers, The State University of New Jersey, founded in 1766. Rutgers Business School has been accredited since 1941 by AACSB International–the Association to Advance Collegiate Schools of Business—a distinction that represents the hallmark of excellence in management education. Today, with a focus on Business,
Science, and Technology, Rutgers Business School is educating more than 4,500 undergraduate and graduate students at two main campuses in New Jersey as well as
six satellite locations in New Jersey, China, and Singapore. Steeped in academic excellence, with a distinguished faculty and a corps of over 30,000 successful alumni,
Rutgers Business School is highly ranked by the Financial Times, U.S. News & World Report, BusinessWeek, and The Wall Street Journal. It is recognized as one of the
top three business schools in the greater New York metropolitan area; is ranked #6 nationwide for “Most Competitive Students” by The Princeton Review; and is part
of the campus that is ranked #1 in diversity nationwide by U.S. News & World Report, for 12 straight years.
Rutgers, The State University of New Jersey – founded 1766
Rutgers Business School–Newark and New Brunswick
1 Washington Park, Newark, NJ 07102-3122 USA