Wednesday, March 16, 2011

Zarb School Partners With Capital One

The Zarb School Partners With Capital One in Community-Based Initiatives



The Zarb School Partners With Capital One in Community-Based Initiatives
Dr. Richard Hayes and Andrew Corrado, Capital One Bank
The Frank G. Zarb School of Business and Capital One have partnered in two exciting, community-based programs to benefit local schools. The Capital One Campus Entrepreneurship Challenge at Hofstra University, which commenced in 2009, teams Zarb entrepreneurship undergraduates with students at Uniondale High School. Through a generous donation from Capital One, Zarb and Uniondale high school students collaborated to design, implement and run their own business during the 2009-2010 academic year. Capital One bankers were assigned as mentors to each business. During the fall semester, students presented their plans to a team of Capital One bankers who served as judges. The success of each enterprise was evaluated at the close of the spring semester. The program design was modified somewhat during the 2010-2011 academic year. Zarb students designed and run their own businesses with the guidance of Capital One bankers. Zarb students, in turn, serve as mentors for Uniondale students as they run their own businesses. Plans are underway to expand the program to other area high schools. In addition, Zarb faculty adviser Richard Hayes, assistant professor of management, entrepreneurship and general business, is working on a template to ease replication of this program by Capital One in other regions of the country.

Recognizing the importance of financial literacy, Capital One has once again joined forces with Hofstra University to educate local students on the importance of personal money management skills. A collaborative effort between the Zarb School of Business and the School of Education, Health and Human Services, The Financial Education Corps program Money and Me will teach financial literacy to fourth graders. Under the direction of Assistant Dean Gioia Bales and Associate Professor Marsha Iverson, two graduate students have written an interactive curriculum that will be taught by Hofstra undergraduate and graduate students beginning in fall 2011. The curriculum consists of 12 lessons on a variety of topics, including wants versus needs and checking and savings accounts, with one lesson presented each week. The program also includes parent workshops for participating school districts to reinforce the concepts taught in class.

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