Press Release for Thursday, April 10, 2008

Entrepreneurial Organization Wins 11th Regional Competition

Contact: Joanna Norris, Assistant Director
Department of Media Relations and Events
(904) 620-2102

The University of North Florida Students in Free Enterprise (SIFE) team returned to Jacksonville as regional winners after participating in the USA Regional Competition in Orlando, marking the organization’s 11th consecutive
regional victory. The event was one of 17 SIFE USA regional competitions being held across the United States.

“I am so proud of what our SIFE team has accomplished. Not only in competition, but in touching the lives of so many through their work in underserved communities,” said Dr. John McAllister, dean of the Coggin College of Business at UNF.

After presenting a report of the team’s year-long community outreach projects to a panel of business leaders, the UNF SIFE team was selected as a finalist in the SIFE USA Clorox Market Economics Competition.

The winning UNF team was among five regional winners and will be matched against 85 other winning regional teams from across the country as they advance to the national level of competition at the SIFE USA National Exposition May 13-15 in Chicago.

“The team's success can be attributed to the initiatives of the students to understand the community needs and then develop and implement successful programs on entrepreneurship and financial literacy,” said Fred Pragasm, UNF SIFE faculty advisor.

During the past academic year, the UNF SIFE team developed and completed 20 educational outreach projects in the Jacksonville community as well as a computer literacy program and entrepreneurship assistance program in Zambia, Africa, to help promote the principles of entrepreneurship. The UNF SIFE recently received a Marcus Foundation I CHOOSE grant for $5,000 to be used towards outreach projects in local high schools. Additionally, the group received a HSBC financial literary grant for $1,000 to be used towards conducting financial workshops with high school students and members of the community.

SIFE is an international non-profit organization active on over 1,800 university campuses in more than 40 countries. SIFE teams create economic opportunities in their communities by organizing outreach projects that teach market economics, entrepreneurship, personal financial success skills and business ethics.