Juniata Magazine Winter 2007

2007·4.6 MB·English

by  Juniata College

JUNIATA�
NON PROFIT ORG.
U.S. POSTAGE
COLLEGEW- PAID
JUNIATA COLLEGE
orfice of College Advancement
1700 Moore Street
Huntingdon, PA 16652-2196
www.juniata.edu
CONGRArQLATIONS! NCAA Division Ill National Champions
4
-
Jl)NIATA COLLEGE
LIBRARY
FEB 2 2
•
Winter 2007
ONTENTS
RESIDENT'S MESSAGE · I
Juniata Magazine Table of
'
features
" f
Dear Friends, JCEL, Year Four: Laying the Foundation for Building Businesses
JUNIATA magazine
Recently there have been articles in the news about early decision programs at several John Wall The Center for Entrepreneurial Leadership has made steady inroads to
universities. An early decision program provides the opportunity for a senior in high school [email protected] become part of the College's culture. Students are creating businesses,
Editor; Di n�ctor of Media Relations
to apply in the fall and learn if he or she has been accepted by the end of December versus Leah Donel! faculty are incorporating entrepreneurial principles into their lesson plans
the customary college admission notification in April. Most news articles were sparked by Lealt Design and the surrounding community has recognized the center as a major player
the decision of Harvard and the University of Virginia to drop their early decision programs. Bill Noblitt
[email protected] for area businesses.
At those institutions, students who applied early tended to be white and more affluent.
Associate Vice Presidenf ofMurheling
They had been accepting a large percentage (4 0 to 50 percent) of their incoming class Joel Cookson
through early decision programs. Thus, these highly selective institutions were putting low [email protected] 7 Paying Dividends: Students Embrace Unique Investment Class
Spo11s lnfomullion Director
income and minority students who more often apply through the regular admission process
Candice D. Hersh Allowing a bunch of students to invest $100,000 of someone else's money
at a disadvantage. Coordinator forM c1dwi11g and Pmmotio11s
might be frightening for some, but for Juniata it's a learning opportunity. Three
John Hille
In my opinion and the opinion of many of my colleagues, the decision to drop early decision Vice President for Advancement separate classes are experiencing high finance using real money:
and Marlleling
was good-for Harvard and the University of Virginia. Let me tell you why we are keeping
Bub Parker '91 TT
our early decision option. Director of Alumni Relations Unified Program: Juniata's Education Department on Leading Edge
"Early decision relieves the Evelyn L Pembrooke
•We started an early decision program in 1990 as a service for students who knew Alumni Office Specialist
Every teacher who supervises a public school classroom must have
anxiety all students feel waiting early in their search that Juniata was their top college choice. If a student has been JD.Cavrich
Plincipal Pliotograpliy experience in delivering lessons and services to students with special needs.
admitted to Juniata through early decision, the College gives them all the infor­
to hear if their top-choice Juniata'.s education program immerses its future teachers in a unified program
mation about their financial aid options so they can review the aid package and
college has accepted them." confirm that it is sufficient before they are required to make deposit. Juniata College Magazine is published that gives every teacher candidate a solid grounding in special education in
three times a year by Juniata College, the classroom.
•Juniata:S admissions statistics do not mirror the statistics of institutions dropping Department of Advancemenl and
Marketing and is distributed free of
early decision programs. Quite the contrary, our early decision students have charge to alumni and fiiends of Juniata
College. Postmaster and others, please _ Physics P1te11ome11al: It's Still Not E�, But It's More Phun
lower family incomes than the average for the overall admissions pool.
send change-of-address correspondence
16
to: Alumni Relations, 1700 Moore St., Fueled by enthusiastic students, faculty dedicated to teaching and a
• Currently only about 10 percent of any incoming class is admitted through the Huntingdon, PA 16652-2196.
early decision program. As Juniata:S statistics show, our early decision program is Jruesnpiaotna sCiboillliegtye fMora uganzsionleic ciLaend accocnetrpti bnuoti ons renewed research program featuring laser optics and radiation detection,
designed for students who know our programs well, know the financial aid they o[ artwork, photography, or articles. the Department of Physics is getting a positive reaction on and off campus.
Juniata College, as an educational
will receive, and have made Juniata their first choice for higher education. institution and employer, values equality
of oppo1tunity and diversity. The College
Early decision relieves the anxiety all students feel waiting to hear if their top-choice college is an independent, privately supponed
co-educational institution committed to
has accepted them. Kno,ving you are admitted to your top choice can lead to a much more providing a liberal ans education to
qualified students regardless of sex, race,
productive end to your senior year in high school.
color, religion, national orit,,jn, ancestry,
marital stacus, sexual orientation, or d artments
Finally, early decision helps us manage the admissions process, because if we know that a disability. Its policies comply with
requirements of Title Vil! of the Ovil ep
significant percentage of the class is already committed to come to the College, then we can
Rights Act of 1964, Tide IV of the
redouble our efforts to open our doors to undecided students of all incomes, nationalities Education Amendments of 1972, and all
other applicable federal, state, and local 20 Campus News 46 Sports
and ethnicities. Unlike Harvard, early admissions at Juniata allows us to compete fairly for statutes, regulations and guidelines.
all students. 26 Class Notes 48 360° Reconnecting witlt]uniata
Warm regards,
41 Faculty Feature IBC Drjii View
Cover pl10to by j.D. Cav,ic/1
42 Faculty/Staff Briefs
Thomas R. Kepple Jr.
Winter 2007 I 1
Jl)NIATA COLLEGE
LIBRARY
FEB 2 2
•
Winter 2007
ONTENTS
RESIDENT'S MESSAGE · I
Juniata Magazine Table of
'
features
" f
Dear Friends, JCEL, Year Four: Laying the Foundation for Building Businesses
JUNIATA magazine
Recently there have been articles in the news about early decision programs at several John Wall The Center for Entrepreneurial Leadership has made steady inroads to
universities. An early decision program provides the opportunity for a senior in high school [email protected] become part of the College's culture. Students are creating businesses,
Editor; Di n�ctor of Media Relations
to apply in the fall and learn if he or she has been accepted by the end of December versus Leah Donel! faculty are incorporating entrepreneurial principles into their lesson plans
the customary college admission notification in April. Most news articles were sparked by Lealt Design and the surrounding community has recognized the center as a major player
the decision of Harvard and the University of Virginia to drop their early decision programs. Bill Noblitt
[email protected] for area businesses.
At those institutions, students who applied early tended to be white and more affluent.
Associate Vice Presidenf ofMurheling
They had been accepting a large percentage (4 0 to 50 percent) of their incoming class Joel Cookson
through early decision programs. Thus, these highly selective institutions were putting low [email protected] 7 Paying Dividends: Students Embrace Unique Investment Class
Spo11s lnfomullion Director
income and minority students who more often apply through the regular admission process
Candice D. Hersh Allowing a bunch of students to invest $100,000 of someone else's money
at a disadvantage. Coordinator forM c1dwi11g and Pmmotio11s
might be frightening for some, but for Juniata it's a learning opportunity. Three
John Hille
In my opinion and the opinion of many of my colleagues, the decision to drop early decision Vice President for Advancement separate classes are experiencing high finance using real money:
and Marlleling
was good-for Harvard and the University of Virginia. Let me tell you why we are keeping
Bub Parker '91 TT
our early decision option. Director of Alumni Relations Unified Program: Juniata's Education Department on Leading Edge
"Early decision relieves the Evelyn L Pembrooke
•We started an early decision program in 1990 as a service for students who knew Alumni Office Specialist
Every teacher who supervises a public school classroom must have
anxiety all students feel waiting early in their search that Juniata was their top college choice. If a student has been JD.Cavrich
Plincipal Pliotograpliy experience in delivering lessons and services to students with special needs.
admitted to Juniata through early decision, the College gives them all the infor­
to hear if their top-choice Juniata'.s education program immerses its future teachers in a unified program
mation about their financial aid options so they can review the aid package and
college has accepted them." confirm that it is sufficient before they are required to make deposit. Juniata College Magazine is published that gives every teacher candidate a solid grounding in special education in
three times a year by Juniata College, the classroom.
•Juniata:S admissions statistics do not mirror the statistics of institutions dropping Department of Advancemenl and
Marketing and is distributed free of
early decision programs. Quite the contrary, our early decision students have charge to alumni and fiiends of Juniata
College. Postmaster and others, please _ Physics P1te11ome11al: It's Still Not E�, But It's More Phun
lower family incomes than the average for the overall admissions pool.
send change-of-address correspondence
16
to: Alumni Relations, 1700 Moore St., Fueled by enthusiastic students, faculty dedicated to teaching and a
• Currently only about 10 percent of any incoming class is admitted through the Huntingdon, PA 16652-2196.
early decision program. As Juniata:S statistics show, our early decision program is Jruesnpiaotna sCiboillliegtye fMora uganzsionleic ciLaend accocnetrpti bnuoti ons renewed research program featuring laser optics and radiation detection,
designed for students who know our programs well, know the financial aid they o[ artwork, photography, or articles. the Department of Physics is getting a positive reaction on and off campus.
Juniata College, as an educational
will receive, and have made Juniata their first choice for higher education. institution and employer, values equality
of oppo1tunity and diversity. The College
Early decision relieves the anxiety all students feel waiting to hear if their top-choice college is an independent, privately supponed
co-educational institution committed to
has accepted them. Kno,ving you are admitted to your top choice can lead to a much more providing a liberal ans education to
qualified students regardless of sex, race,
productive end to your senior year in high school.
color, religion, national orit,,jn, ancestry,
marital stacus, sexual orientation, or d artments
Finally, early decision helps us manage the admissions process, because if we know that a disability. Its policies comply with
requirements of Title Vil! of the Ovil ep
significant percentage of the class is already committed to come to the College, then we can
Rights Act of 1964, Tide IV of the
redouble our efforts to open our doors to undecided students of all incomes, nationalities Education Amendments of 1972, and all
other applicable federal, state, and local 20 Campus News 46 Sports
and ethnicities. Unlike Harvard, early admissions at Juniata allows us to compete fairly for statutes, regulations and guidelines.
all students. 26 Class Notes 48 360° Reconnecting witlt]uniata
Warm regards,
41 Faculty Feature IBC Drjii View
Cover pl10to by j.D. Cav,ic/1
42 Faculty/Staff Briefs
Thomas R. Kepple Jr.
Winter 2007 I 1
January 2003 February 2003 July 2003 August 2003
JCEL begins operations. Huntingdon County Business and Ben Franklin Technology PArtners Huntingdon County Commissioners
Industry, Inc. contracts with JCEL to awards first of three grants to JCEL. contract with JCEL to administer the
provide management services. All three grants totaled $160,000. county's proposed Enterprise Zone.
The first ofJCEI.s four distinct, yet stepping stone ... a much-needed disciplines. When students are ready to
intenelated, programs to hatch was resource for the student entrepreneur." take their business to the next level,
the Student Seed Capital Fund. JCEL provides additional funding
Ten students have been funded since
This program, unique among under­ through loans and equity investments.
April, and requests continue to pour in.
graduate colleges, has catalyzed
Even after Long and Williams moved
Marty Balaban '07, from Massena, N.Y.,
Juniatians to transform into business
from the planning phase of their venture
who has proposed a graphic printing
owners overnight.
to product launch, they continued to
business, agrees: 'The Starter Kit is
benefit from theJ CEL Starter Kit, which
One of the first student teams to benefit opening the door for me as a student
provides a credit toward space in the Sill
from this fund was Julia Williams '07, entrepreneur." This resource provides
Business Incubator. This collaborative
from Bedford, Pa., and Brandon Long the student with one-on-one support
physical environment, the second of
'07, from Lebanon, Pa. The co-owners from theJCEL team as well as $500 in
JCEI.s programs to develop, allows
of UniversityJ erky LLC, a venture that start-up capital. In lieu of a business
entrepreneurs to learn from one another
develops original flavors of beef jerky for plan, student applicants answer a few
while sharing in the overhead costs for
college and university markets, advocate questions about their competitive
the facility
theJCEL approach. "Many funding advantage and capital requirements,
CE at Four sources for entrepreneurs require a while addressing their personal motiva­ To date, 10 businesses originating from
detailed business plan, complete with tion for launching the venture. The both the College and the community
three-year financial projections," application process by design is geared have operated from the Sill Business
Williams said, 'JCEI.s Starter Kit is a for students from across academic Incubator. Best Instrument, Inc., a
OVER THE PAST FOUR YEARS AT JUNIATA, THERE HAS BEEN MUCH DISCUSSION ABOUT
S wing e INCUBATORS, HATCHING AND SEED. HOWEVER, THIS CHATTER HAS NOTHING TO DO
WITH POULTRY. IT DEALS WITH BIRDS OF A DIFFERENT FEATHER -ENTREPRENEURS.
Seed of Success
THE JUNIATA CENTER FOR ENTREPRENEURIAL LEADERSHIP QCEL) THRIVES BY
By Michael S. Lehman '94 CREATING A CULTURE OF INNOVATION, CREATIVITY AND COLLABORATION-A CULTURE
THAT HAS BEEN RESONATING AMONG JUNIATA STUDENTS, THROUGHOUT ACADEMIC
DEPARTMENTS AND IN THE HUNTINGDON COMMUNITY.
Photo above,Jrom left, Steven Sliver, CEO Julia Williams '07, of Bedford, Pa., and
of Mutual Benefit, Rich Lasch, assistant Brandon Long '07, of Lebanon, Pa.,
director of HCB&I, and Susanne House, have partnered to farm a company called
assistant director of]CEL, looh over University Jerh The business received a
y.
bluep1ints for the impressive Mutual $5,000 seed capital loanfrom]CEL.
Benefit Insurance Company building
looming behind them.
2 I Juniata Magazine Winter 2007 I 3
January 2003 February 2003 July 2003 August 2003
JCEL begins operations. Huntingdon County Business and Ben Franklin Technology PArtners Huntingdon County Commissioners
Industry, Inc. contracts with JCEL to awards first of three grants to JCEL. contract with JCEL to administer the
provide management services. All three grants totaled $160,000. county's proposed Enterprise Zone.
The first ofJCEI.s four distinct, yet stepping stone ... a much-needed disciplines. When students are ready to
intenelated, programs to hatch was resource for the student entrepreneur." take their business to the next level,
the Student Seed Capital Fund. JCEL provides additional funding
Ten students have been funded since
This program, unique among under­ through loans and equity investments.
April, and requests continue to pour in.
graduate colleges, has catalyzed
Even after Long and Williams moved
Marty Balaban '07, from Massena, N.Y.,
Juniatians to transform into business
from the planning phase of their venture
who has proposed a graphic printing
owners overnight.
to product launch, they continued to
business, agrees: 'The Starter Kit is
benefit from theJ CEL Starter Kit, which
One of the first student teams to benefit opening the door for me as a student
provides a credit toward space in the Sill
from this fund was Julia Williams '07, entrepreneur." This resource provides
Business Incubator. This collaborative
from Bedford, Pa., and Brandon Long the student with one-on-one support
physical environment, the second of
'07, from Lebanon, Pa. The co-owners from theJCEL team as well as $500 in
JCEI.s programs to develop, allows
of UniversityJ erky LLC, a venture that start-up capital. In lieu of a business
entrepreneurs to learn from one another
develops original flavors of beef jerky for plan, student applicants answer a few
while sharing in the overhead costs for
college and university markets, advocate questions about their competitive
the facility
theJCEL approach. "Many funding advantage and capital requirements,
CE at Four sources for entrepreneurs require a while addressing their personal motiva­ To date, 10 businesses originating from
detailed business plan, complete with tion for launching the venture. The both the College and the community
three-year financial projections," application process by design is geared have operated from the Sill Business
Williams said, 'JCEI.s Starter Kit is a for students from across academic Incubator. Best Instrument, Inc., a
OVER THE PAST FOUR YEARS AT JUNIATA, THERE HAS BEEN MUCH DISCUSSION ABOUT
S wing e INCUBATORS, HATCHING AND SEED. HOWEVER, THIS CHATTER HAS NOTHING TO DO
WITH POULTRY. IT DEALS WITH BIRDS OF A DIFFERENT FEATHER -ENTREPRENEURS.
Seed of Success
THE JUNIATA CENTER FOR ENTREPRENEURIAL LEADERSHIP QCEL) THRIVES BY
By Michael S. Lehman '94 CREATING A CULTURE OF INNOVATION, CREATIVITY AND COLLABORATION-A CULTURE
THAT HAS BEEN RESONATING AMONG JUNIATA STUDENTS, THROUGHOUT ACADEMIC
DEPARTMENTS AND IN THE HUNTINGDON COMMUNITY.
Photo above,Jrom left, Steven Sliver, CEO Julia Williams '07, of Bedford, Pa., and
of Mutual Benefit, Rich Lasch, assistant Brandon Long '07, of Lebanon, Pa.,
director of HCB&I, and Susanne House, have partnered to farm a company called
assistant director of]CEL, looh over University Jerh The business received a
y.
bluep1ints for the impressive Mutual $5,000 seed capital loanfrom]CEL.
Benefit Insurance Company building
looming behind them.
2 I Juniata Magazine Winter 2007 I 3
October 2004 November 2004 May 2005 May 2005 June 2005 June 2005
Bob and Eileen Sill Business Gift basket business Amy's Pennsylvania designates POE in Entrepreneurship Grants to J(El reach Coleman Foundation selects Juniata as one of
Incubator dedicated. Creative Touch receives First Huntingdon County/Juniata approved by the faculty. $1 million mark. 12 schools nationwide to receive grant funding
Seed Capital award. College Keystone Innovation for entrepreneurial curriculum development
Zone (KIZ), one of 21 in across academic disciplines.
Pennsylvania.
One of]CEI's most popular services is its Entrepreneur
Video Library, where more than 600 video interviews
from 54 entrepreneurs can be easily accessed over
the Web. Here, Bill Gearhart and Donna Marcotte,
members of Leadership Huntingdon County Class of
2007, !ooh at one of the videos dwing]CEI's premiere
for the database in October 2006.
based conference. Twelve young
entrepreneurs in the Juniata contingent
were selected from hundreds of
applicants to present "elevator pitches"
to a panel of investors. Three of the
Juniatians made the finals of the
competition, Sarah Roby '09, of
Lewisberry, Pa., Cassandra Hale '10
of Altoona, Pa., and Travis Paul.
Interestingl Hale and Roby were the
y,
only women to make the finals. The
momentum that has arisen from the
CEO trip continues to accelerate, as the
designer and manufacturer of available through Cornell and Stanford, with Steve Jobs, founded Apple group has formed a national CEO
flowmeters for high-performance liquid because J CEl.'.s product focuses on Computer and created the Apple II chapter on campus.
chromatograph began in the entrepreneurs in their first few years of operating system. The five witnessed
y,
Networking opportunities are beginning
incubator's rentable office space. The start-up." The video archive, developed other students doing elevator pitches (a
to come to campus as well. JCEL started
flexibility of the facility allowed the entirely by students, is available 24 90-second presentation designed to
a Visiting Entrepreneur series, managed
business to evolve into a light assembly hours a da seven days a week. The dazzle investors) to secure funding for
y,
by Bret Naugle '08, from Quakertown,
area, where product development video Website is http://services.juniata. their businesses.
Pa. Each visiting entrepreneur connects
occurred. Best Instrument, Inc. recently edu/jcel/video/.
"The CEO trip was one of the most with more than 100 students and
'hatched' from the incubator into the
"Students in my classes are benefiting
amazing and motivating experiences of represents areas such as the fine arts,
regional community when it was ready
from this resource, learning the
my life," says Travis Paul '08 from information technology and social
to manufacture on a larger scale.
characteristics of leadership and
Galeton, Pa. Paul is studying entrepre­ entrepreneurship.
As theJCEL team worked with identifying the skills necessary to
neurship, and owns Boomtown Tables.
entrepreneurs receiving seed capital or become a successful entrepreneur," says JCEL is invested in not only impacting
'With over 1,000 people at the confer­
operating from the Sill Business Grace Fala, professor of communication. the campus, but in extending its
ence, each with the entreprenemial
Incubator, a more formalized program "It is also a wonderful way to help resources to the region. The fourthJCEL
spirit, every person was willing to help
for supporting these business students identify mentors in the program provides support for county
and network with every person there.
visionaries developed. entrepreneurial field." and regional economic development,
Juniata has made great strides in the
through partnerships with the
In October 2006, theJ CEL Video It is this passion for providing previ­ entrepreneurship program and the CEO
Huntingdon County Commissioners
Library, a robust Web-based video ously unavailable experiences for Juniata conference is one of the most valuable
and Huntingdon County Business and
library database of more than 600 students that led to a trip to the national assets thatJ uniata has to offer."
Industry: "By concentrating these
entrepreneurial video clips from 54 Collegiate Entrepreneurs' Organization
entrepreneurs, was launched. Anna (CEO) conference. In 2005, a group of To illustrate the growing enthusiasm at services in one organization, we enjoy a
Harris '96, JCEL assistant director, five Juniata students traveled to the Juniata for entrepreneurship, a total of consistency and competency of
explains: 'The database complements CEO conference where they heard from 15 students, five of whom are operation that does not exist in most
the entrepreneurial video libraries speakers such as Steve Wozniak, who, freshmen, attended this year's Chicago- other rural counties throughout the
4 l]uniata Magazine
October 2004 November 2004 May 2005 May 2005 June 2005 June 2005
Bob and Eileen Sill Business Gift basket business Amy's Pennsylvania designates POE in Entrepreneurship Grants to J(El reach Coleman Foundation selects Juniata as one of
Incubator dedicated. Creative Touch receives First Huntingdon County/Juniata approved by the faculty. $1 million mark. 12 schools nationwide to receive grant funding
Seed Capital award. College Keystone Innovation for entrepreneurial curriculum development
Zone (KIZ), one of 21 in across academic disciplines.
Pennsylvania.
One of]CEI's most popular services is its Entrepreneur
Video Library, where more than 600 video interviews
from 54 entrepreneurs can be easily accessed over
the Web. Here, Bill Gearhart and Donna Marcotte,
members of Leadership Huntingdon County Class of
2007, !ooh at one of the videos dwing]CEI's premiere
for the database in October 2006.
based conference. Twelve young
entrepreneurs in the Juniata contingent
were selected from hundreds of
applicants to present "elevator pitches"
to a panel of investors. Three of the
Juniatians made the finals of the
competition, Sarah Roby '09, of
Lewisberry, Pa., Cassandra Hale '10
of Altoona, Pa., and Travis Paul.
Interestingl Hale and Roby were the
y,
only women to make the finals. The
momentum that has arisen from the
CEO trip continues to accelerate, as the
designer and manufacturer of available through Cornell and Stanford, with Steve Jobs, founded Apple group has formed a national CEO
flowmeters for high-performance liquid because J CEl.'.s product focuses on Computer and created the Apple II chapter on campus.
chromatograph began in the entrepreneurs in their first few years of operating system. The five witnessed
y,
Networking opportunities are beginning
incubator's rentable office space. The start-up." The video archive, developed other students doing elevator pitches (a
to come to campus as well. JCEL started
flexibility of the facility allowed the entirely by students, is available 24 90-second presentation designed to
a Visiting Entrepreneur series, managed
business to evolve into a light assembly hours a da seven days a week. The dazzle investors) to secure funding for
y,
by Bret Naugle '08, from Quakertown,
area, where product development video Website is http://services.juniata. their businesses.
Pa. Each visiting entrepreneur connects
occurred. Best Instrument, Inc. recently edu/jcel/video/.
"The CEO trip was one of the most with more than 100 students and
'hatched' from the incubator into the
"Students in my classes are benefiting
amazing and motivating experiences of represents areas such as the fine arts,
regional community when it was ready
from this resource, learning the
my life," says Travis Paul '08 from information technology and social
to manufacture on a larger scale.
characteristics of leadership and
Galeton, Pa. Paul is studying entrepre­ entrepreneurship.
As theJCEL team worked with identifying the skills necessary to
neurship, and owns Boomtown Tables.
entrepreneurs receiving seed capital or become a successful entrepreneur," says JCEL is invested in not only impacting
'With over 1,000 people at the confer­
operating from the Sill Business Grace Fala, professor of communication. the campus, but in extending its
ence, each with the entreprenemial
Incubator, a more formalized program "It is also a wonderful way to help resources to the region. The fourthJCEL
spirit, every person was willing to help
for supporting these business students identify mentors in the program provides support for county
and network with every person there.
visionaries developed. entrepreneurial field." and regional economic development,
Juniata has made great strides in the
through partnerships with the
In October 2006, theJ CEL Video It is this passion for providing previ­ entrepreneurship program and the CEO
Huntingdon County Commissioners
Library, a robust Web-based video ously unavailable experiences for Juniata conference is one of the most valuable
and Huntingdon County Business and
library database of more than 600 students that led to a trip to the national assets thatJ uniata has to offer."
Industry: "By concentrating these
entrepreneurial video clips from 54 Collegiate Entrepreneurs' Organization
entrepreneurs, was launched. Anna (CEO) conference. In 2005, a group of To illustrate the growing enthusiasm at services in one organization, we enjoy a
Harris '96, JCEL assistant director, five Juniata students traveled to the Juniata for entrepreneurship, a total of consistency and competency of
explains: 'The database complements CEO conference where they heard from 15 students, five of whom are operation that does not exist in most
the entrepreneurial video libraries speakers such as Steve Wozniak, who, freshmen, attended this year's Chicago- other rural counties throughout the
4 l]uniata Magazine
October 2005 April 2006 September 2006 October 2006
First student trip to national JCEL launches two new student Visiting entrepreneur series begins. JCEL premieres its Video Library.
Collegiate Entrepreneurs' entrepreneur funding vehicles-the
Conference in Orlando, Fla. JCEL Starter Kit and the JCEL Next Step.
Real Students
Investing
state," says Steve Sliver, CEO of Mutual What'.s next? Business professor Jim By looking toward the future, Juniata
Benefit Group, a regional property and Donaldson '67 redesigned his has proven to be entrepreneurial in its
casualty insurance firm headquartered in entrepreneurial lab into a three-credit own right. Many of the center's programs
Huntingdon, Pa. Introduction to Entrepreneurship and funding have been self-generated, Real Mone
y
course, which is the first of a series of using few assets from the College's
JCEls economic development triumphs
four courses designed for the new operating budget. As a result, students,
include securing $1 million for develop­
POE in Entrepreneurship. Seed faculty, alumni and the community have
ment of a revolving loan fund, support of
Capital funds have been earmarked been impacted in a positive way As
tourism-related economic development The S 100,000 Lesson: Juniata's Investment Course Reaps Dividends
for student ventures in information JCEL begins its fifth year of existence, it
projects and establishing Huntingdon
technology and the life sciences. Next has transformed from a fledgling
County as one of Pennsylvania'.s Keystone
year, four more professors will join the enterprise into one ofJ uniata's programs
Innovation Zones.
10 already integrating entrepreneurship that is beginning to soar.
'Juniata's relationship with Huntingdon into one or more courses. And inJ une "I just spent $89,000 with two clicks of a button and it felt
has become much stronger becauseJCEL 2007,Juniata will host a national If you are interested in learning more pretty weird," says Laura Hardy '07, from Mount Union, Pa.
and its students are involved with the workshop for other undergraduate about]CEL, or would like to connect
Hardy is not an independently wealthy student with an
fiber of the community," says Michelle institutions seeking to emulate the with a member of the]CEL team,
amazing amount of disposable income. In fact, she's 31 and is
Bartol '84, dean of enrollment. JCELmodel. please visit wwwjcel. biz.
studying education throughJuniata's Program for Area
Residents, a half-tuition discount program for returning adult
students. When she began her college career at Juniata she
was curious about retirement and decided to learn more
about investments. In fall 2005, she was in the inaugural
class of Investing: Your Future, the first course in a financial
education sequenceJ uniata created through a $100,000
donation by an anonymous donor.
In fall 2006, Hard Mike Gwiazdowski '07, from York, Pa.,
y,
and three other students made a major investment of
$90,000 (minus some money taken up by fees) of the
College's nest egg. The five students are part of the third
course in the sequence, Portfolio Management. "I would
Left: Mike Lehman, assistant vice president of]CEL, assists local
entrepreneur Rich Griffith, who is using]CEI'.s Sill Incubator to think that it would be a strong selling point to any invest­
launch a deer biogenetics company called Whitetail Ridge. ment firm to show that you were part of a group that chose a
Right: Student entrepreneur Travis Paul '08,Jrom Galeton, portfolio and made actual investments," says Gwiazdowski,
Pa., poses with one of his Boomtown Tables products, a slate end who took the course after working a summer internship with
table. Travis' business idea was recognized at a recent student Oppenheimer Investment Services in New York City
entrepreneur conje rence.
Winter 2007 I 7
6 I Juniata Magazine
October 2005 April 2006 September 2006 October 2006
First student trip to national JCEL launches two new student Visiting entrepreneur series begins. JCEL premieres its Video Library.
Collegiate Entrepreneurs' entrepreneur funding vehicles-the
Conference in Orlando, Fla. JCEL Starter Kit and the JCEL Next Step.
Real Students
Investing
state," says Steve Sliver, CEO of Mutual What'.s next? Business professor Jim By looking toward the future, Juniata
Benefit Group, a regional property and Donaldson '67 redesigned his has proven to be entrepreneurial in its
casualty insurance firm headquartered in entrepreneurial lab into a three-credit own right. Many of the center's programs
Huntingdon, Pa. Introduction to Entrepreneurship and funding have been self-generated, Real Mone
y
course, which is the first of a series of using few assets from the College's
JCEls economic development triumphs
four courses designed for the new operating budget. As a result, students,
include securing $1 million for develop­
POE in Entrepreneurship. Seed faculty, alumni and the community have
ment of a revolving loan fund, support of
Capital funds have been earmarked been impacted in a positive way As
tourism-related economic development The S 100,000 Lesson: Juniata's Investment Course Reaps Dividends
for student ventures in information JCEL begins its fifth year of existence, it
projects and establishing Huntingdon
technology and the life sciences. Next has transformed from a fledgling
County as one of Pennsylvania'.s Keystone
year, four more professors will join the enterprise into one ofJ uniata's programs
Innovation Zones.
10 already integrating entrepreneurship that is beginning to soar.
'Juniata's relationship with Huntingdon into one or more courses. And inJ une "I just spent $89,000 with two clicks of a button and it felt
has become much stronger becauseJCEL 2007,Juniata will host a national If you are interested in learning more pretty weird," says Laura Hardy '07, from Mount Union, Pa.
and its students are involved with the workshop for other undergraduate about]CEL, or would like to connect
Hardy is not an independently wealthy student with an
fiber of the community," says Michelle institutions seeking to emulate the with a member of the]CEL team,
amazing amount of disposable income. In fact, she's 31 and is
Bartol '84, dean of enrollment. JCELmodel. please visit wwwjcel. biz.
studying education throughJuniata's Program for Area
Residents, a half-tuition discount program for returning adult
students. When she began her college career at Juniata she
was curious about retirement and decided to learn more
about investments. In fall 2005, she was in the inaugural
class of Investing: Your Future, the first course in a financial
education sequenceJ uniata created through a $100,000
donation by an anonymous donor.
In fall 2006, Hard Mike Gwiazdowski '07, from York, Pa.,
y,
and three other students made a major investment of
$90,000 (minus some money taken up by fees) of the
College's nest egg. The five students are part of the third
course in the sequence, Portfolio Management. "I would
Left: Mike Lehman, assistant vice president of]CEL, assists local
entrepreneur Rich Griffith, who is using]CEI'.s Sill Incubator to think that it would be a strong selling point to any invest­
launch a deer biogenetics company called Whitetail Ridge. ment firm to show that you were part of a group that chose a
Right: Student entrepreneur Travis Paul '08,Jrom Galeton, portfolio and made actual investments," says Gwiazdowski,
Pa., poses with one of his Boomtown Tables products, a slate end who took the course after working a summer internship with
table. Travis' business idea was recognized at a recent student Oppenheimer Investment Services in New York City
entrepreneur conje rence.
Winter 2007 I 7
6 I Juniata Magazine
Left: Dan DeRosa, '07, from Bloomington, N. Y, listens to
a student team outline an investment proposal. Above: Pat
Weaver, Dana Professor of Accounting, oversees Portfolio
Management, the highest-level course in the College's new
investment sequence.
All students in the Portfolio Management course must work in
teams, and all investment decisions must be agreed upon by all
members of the class before an actual investment is made. Here,
Christine Weaver '07, of Stowe Pa., and Chris Liang '07, an
international student from Mauritius, listen to a team presentation.
Sounds easy, right7 Not so fast, the course is much more Weaver's teaching partner in the introductory course, have
conservative stock pickers than she had anticipated,
than picking a few investments. According to Pat Weaver, created an assessment questionnaire that measures risk
(although one class sold Google one week before the Internet
Dana Professor of Accounting, the courses were created to tolerance. Each incoming class will be given the question­
giant bought the social video Web site YouT ube) and the
give students a sequential sophistication in investment naire as will each student in the portfolio management class.
students in each class who had strong opinions on what
strategies, while also offering actual investment "We can assess the data by class rank, by gender
investment to make could often sway the group. "That's
experience at every level. Students in the and 64 other factors," Weaver says.
"This is an
exactly what brokers do, they seem to know much more than
introductory course invest $4,000, those in the
Other important exercises in the introductory you do about investments, and they can convince you to sell,
second-level course, Investment Analysis, invest opportunity to have a
course include having students calculate all the which generates more fees for them," Weaver says.
$6,000 and the portfolio managers are in charge
real track record in money they spent in one week and an activity in
of the remainder. Weaver says so far the students in all three courses are getting
which groups of students try to convince others
beat by the S&P 500 Index. "They're not doing as well
Weaver grounds the entire sequence in academic finance because to buy certain stocks.
because of the trading fees," she explains. In fact, Weaver has
research and the portfolio managers study two
books, A Random Walk Down Wall Street, by you' re dealing with In the Analysis class, Weaver takes the students authorized the portfolio management group to open an
Burton Malkiel, and Mutual Funds for Dummies, through the fiduciary responsibilities of invest­ account with Scottrade, an online broker that charges $ 7 per
by Eric Tyson. Both books center on Weaver's real dollars." ing other people's money and covers basic trade, one of the lowest fees in the industry
teaching mission for the course: that managed accounting skills so students can keep track of Students in each course are required to make investments by
funds, where traders buy and sell stocks for clients, do no their investments on a spreadsheet. "This is an opportunity to consensus, essentially by making presentations that convince
better than investments in indexed funds (funds that use a have a real track record in finance because you're dealing
the rest of the class. The introductory class invested $3,000
stable portfolio of investments tied to the Standard and Poors with real dollars," says Tim Scanlan '01, an investment All students in the Portfolio Management
in Vanguard Small Cap Growth Index Fund (a mutual fund
class must complete the two previous
500)and often perform worse. professional based in Ebensburg, Pa. "It gives the students that pools investor's funds to buy many different companies).
investment courses before being charged with
more grounding because they are making real investments,
The Introductory course has proved so popular that the managing the College's $89,000 nest eggfor The portfolio managers decided to invest the $90,000 in
not simulated investments where you can take more risks.
College has authorized three sections, two led by Weaver and the top-level course. Laura Hardy '07, of Spyders, which is an individual security that tracks the
one taught by Brad Andrew, assistant professor of economics. They have to be very careful with that money, and they are." Mount Union, Pa., took all three courses to performance of the S&P 500. By the end of the semester, the
prepare her to invest for her retirement.
managers will present a written investment plan to the
In addition, Weaver and Paula Beckenbaugh '92, director of As each class invested the money earmarked for that purpose,
College's Investment Committee.
clinical experiences in the education department and Weaver noticed a few trends. Students are much more
Winter 2007 I 9
8 ljw1iata Magazine