U of O business team third in state competition

Release Date: 5/16/2001

CLARKSVILLE, Ark. ---UA team of University of the Ozarks business students took third place in the first Governor's Award for Entrepreneurial Development on Tuesday.

The U of O team developed a business plan to create a vacation lodge in the Ozark mountains. The U of O students included Derek Barahona, a graduating senior from Honduras; Maria Rodriguez, a junior from El Salvador; Gabriela Franco, a graduating senior from Guatemala; Jose Urias, a senior from El Salvador; and Yerilee Cortez, a senior from Panama. Robert Wofford, an associate professor of business at U of O, served as the team's adviser.

The third-place prize included $10,000 to the winning team.

Business teams from the University of Arkansas won first and second place. Thirty-two teams from nine universities throughout the state competed in the event, which awarded a total of $60,000 in prize money to the winning teams. Wally Amos, founder of Famous Amos Cookie Co., spoke during the luncheon at the Statehouse Convention Center in Little Rock and presented the awards to the winners.

The competition was created by the Capital Resource Corporation, an affiliate of the Arkansas Capital Corporation Group, as a way to "promote entrepreneurial development" among college students in the state, according to C. Sam Wallis, executive vice president of ACCG.