PSU and Meredith Savings Bank Establish Business Services Center

January 1st, 2005 by Adam

Plymouth State University and Meredith Village Savings Bank have joined forces to establish a small business services center in the bank’s new building on Main Street in Plymouth.
The three-office center on the second floor houses the Small Business Institute, the Small
Business Development Center and students in the entrepreneurship program. The walk-in office is staffed during normal business hours.

“This is the first time we’ve done anything like this,” notes Craig Zamzow, director
of PSU’s Small Business Institute. “The support of the bank was critical to making this possible.
They gave us a very fair price on the rent and they were willing to accommodate our needs. It also
gives us visibility and a presence on Main Street in Plymouth.”

Dennise Maslakowski, associate vice president of graduate studies and community outreach, says
it was a great opportunity to work with the business community and the bank. “We contacted the bank
during the planning of the building to see if they had any space available where we could locate
the development center office and also have a place where our graduate students in the MBA program
could work. It’s mutually beneficial for the University and the bank. It’s a way to provide one-stop
shopping, if you will, for people starting small businesses or who are seeking help running their
businesses.”p>

Sam Laverack, executive vice president of Meredith Village Savings Bank, notes, “It’s
wonderful to have the Small Business Development Center and the bank located together.
We’ve always had a great connection with the University. Plymouth State is a big part of this
community and I like to think the bank is too.”

The Small Business Institute provides smaller businesses intensive
management counseling from qualified graduate students, at no charge to the client. In turn,
students receive valuable training and experience within a service-learning model.

In 2003, the PSU Small Business Institute was honored with the Showcase Award, which is
presented each year to the college or university deemed to have the most outstanding SBI program.
The award acknowledges the consistent high quality of reports submitted by Plymouth State graduate
students to the national Case of the Year competition, according to Zamzow.

Plymouth State MBA students have captured at least one first- or second-place award at the
national competition for the past six consecutive years. Plymouth State has been partnering with
area small businesses for nearly 30 years.

For more information about the business center and the services offered, contact Zamzow at 535-3020.