Iowa State University
12-18-96

Contacts:
Steve Carter, ISU Business Development Center, (515) 296- 7828
Benjamin Allen, College of Business, (515) 294-2422
Michelle Johnson, News Service, (515) 294-8986

CARTER NAMED INTERIM DIRECTOR OF ISU PAPPAJOHN CENTER

AMES, Iowa -- Steve Carter, director of the Iowa State University Business Development Center, has been named interim director of the ISU Pappajohn Center for Entrepreneurship.

Carter will oversee the start-up and organization of the new center which will help entrepreneurs, technologists, and ISU faculty and students develop ideas and technologies into new businesses or expand existing companies. The center also will provide educational courses, programs and outreach services to develop the entrepreneurial interests of Iowa State students, faculty and other Iowans.

"The Pappajohn's have made a generous investment in Iowa State University," said Carter. "We are committed to making that investment pay off for the state of Iowa. This center will bring together the entrepreneur and university communities in a way that offers greater opportunities to both constituencies."

"Steve brings a wealth of experience and a history of success in providing assistance to start-up companies," said Benjamin Allen, dean of the College of Business. "His expertise and leadership are tremendous assets to the Pappajohn Center."

Carter has served as the director of the ISU Business Development Center since 1990. He is responsible for the operational management and program development of

the center, which serves a nine county area. Carter also serves as an advisor to start-up technical businesses housed in the ISU Research Park. He will continue his duties at Iowa State's Business Development Center while serving as interim director of the Pappajohn Center.

The ISU Pappajohn Center for Entrepreneurship was funded by a $1 million gift from Des Moines businessman and entrepreneur John Pappajohn and his wife, Mary. The Pappajohn's also donated an additional $50,000 to support the most promising start-up companies created through the center.

For additional information on the ISU Pappajohn Center for Entrepreneurship, call (515) 294-INOV (4668).

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