October 4, 2013

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USU Secures $6 million for New Entrepreneurship Center

Press Release

October 4, 2013

Logan — Utah State University alumnus Jeffrey Clark and his wife, Bonnie Clark, have provided a $6 million leadership gift to help establish the Jeffrey D. Clark Center for Entrepreneurship in the Jon M. Huntsman School of Business at USU.

The endowment will fund programs intended to foster entrepreneurial success among Utah State students from across campus and from campuses around the state, as well as among Cache Valley residents. It also will fund headquarters offices in the soon-to-be-built Huntsman Hall. An additional pledge of $4 million is being sought to complete the funding for the Entrepreneurship Center.

“This gift from Jeff and Bonnie and their active involvement with our entrepreneurship programs will move us ahead significantly,” said Douglas D. Anderson, dean of the school. “Now we can provide ever-more concrete, effective assistance to budding entrepreneurs who have great ideas they want to develop.”

“We are thrilled to be working with the Clarks because of the reputation, credibility and integrity they bring to the Huntsman School,” said Michael Glauser, executive director of the center. “We didn’t just want a name for the center; we wanted the right name on the center. Jeff is a perfect role model for our students.”

Many successful entrepreneurs have graduated from the program, including Scott Watterson, cofounder and CEO of Logan-based ICON Health & Fitness. Huntsman graduates Scott Huskinson and Clay Broadbent founded iFrogz, a company that makes mobile device accessories, in 2006.

Jeffrey Clark cofounded one of the first “fund of hedge funds” in the United States, Genesee Partners, in 1985. He went on to found his own firm, Praesideo Asset Management, in 1991.

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