The Center for Entrepreneurship and Community Development at Loyola University New Orleans a $1.5 million gift last week by an anonymous donor.
The university says the gift will transform and expand opportunities available to entrepreneurship students.
“Entrepreneurship has the potential to solve large-scale, complex problems that impact communities in any town or city,” said Kate McCrery, the new director of the center. “Through the generosity of this gift, every Loyola student from every major can now gain access to this potential, which empowers an entire generation to introduce new ideas and create better communities for us all.”
Loyola is currently fundraising towards its $100 million goal as part of their Faith in the Future campaign. With the latest gift, the university is at $91 million dollars of the total goal.
McCrery and her team will be able to “hire and train additional staff, further develop experiential programming for students, bring entrepreneurs and mentors to campus, and launch a new consulting venture that will allow Loyola entrepreneurship majors and MBA students to gain professional experience while providing local businesses operational support,” shared a release from Loyola.