Arkansas Economic Development Commission issued the following announcement on July 23.
The new Institute for Free Enterprise and Entrepreneurship at Lyon College will combine academics and applied entrepreneurship, while offering a business incubator and a center for economic analysis for Northeast Arkansas.
Lyon College Board Chairman Perry L. Wilson, on behalf of the Wilson family, has made a gift commitment of $1 million to Lyon College to create the endowed Michael E. Wilson Professorship of Business, Management and Social Entrepreneurship.
The gift will serve as the foundation for the College’s Institute for Free Enterprise and Entrepreneurship, which will be named at a later date upon receiving additional funding. Eventually, the institute would have a full time program director and would ultimately establish a comprehensive business incubator to combine academics with applied entrepreneurship, as well as a center for economic analysis and data for Northeastern Arkansas.
Original source can be found here.
Source: Arkansas Economic Development Commission
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