LHU student presents at PASSHE Business Plan Competition
LOCK HAVEN –Lock Haven University graduate Sarah Pixley recently attended the seventh annual Pennsylvania State System of Higher Education (PASSHE) Business Plan Competition at Shippensburg University.
Students who attend the competition have the opportunity to compete for a prize of up to $10,000 for their innovative ideas. Winners receive prize money to assist with their entrepreneurial ideas.
At the conference, Pixley offered a poster presentation of her business plan, “Development for Dreamers,” (DFD) to judges and attendees. Assistant professor of entrepreneurship and international business, Gerard Martorell, accompanied Pixley to the competition.
According to Pixley, 10-15 percent of Philadelphia residents are displaced from their neighborhoods, due to the effects of gentrification. “Development for Dreamers was a concept created to be used as a tool for entrepreneurs in the Philadelphia area to offset these effects, and build the local economy from the inside out, and not the outside in,” Pixley said. “DFD helps selected entrepreneurs in the area through guidance, consultation, and building their businesses physically, and clients are not required to pay off their business loans from DFD until their business opens, and receives a steady flow of income.”
The competition is designed to provide student entrepreneurs a real-world opportunity to pitch their original business plans and to win funds to assist in the start-up or expansion of their businesses. Students from the 14 State System universities are invited to participate in the competition each year. This year’s competition drew about 200 students or student teams.
Pixley received a bachelor’s degree in business administration from LHU in May.