Minot State University is the perfect place to develop information to help people build businesses for the oil industry.
That's the idea behind a new grant announced today for the Severson Entrepreneurship Academy at MSU.
The namesake of the academy, MSU alumnus Clint Severson, joined MSU President Dr. David Fuller to announce the expansion of the scope of the academy.
It will begin with a comprehensive survey of the business atmosphere in the Bakken region with the hope of providing critical information to people who want to start or expand businesses related to the oil industry.
There will also be an effort to develop Internet applications and programs that will help entrepreneurs starting Internet businesses related to the oil industry.
Severson says he wants Minot State to be a hub for information and development of oil-related businesses.
(Clint Severson, MSU Graduate) "So this is a great opportunity now to put programs together to tie all this stuff in to identify students, give them opportunities to excel, to be successful and come back an re-invest in the system. And then pretty soon it perpetuates itself...it gets bigger and bigger and bigger, and better and better and better"
Severson donated a half-million dollars to expand the program and fund scholarships for students interested in business development