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Finlandia University Business School Awarded Campus Compact Grant

HANCOCK, MI - The Finlandia University International School of Business (ISB) has announced that Michigan Campus Compact (MCC) has approved the ISB's $2,400 grant proposal titled "Increasing Business Student Participation in Community Affairs." The grant requires a 50% Finlandia match, which has been met.

"MCC believes in the importance of creating supportive campus environments for engagement in community service and civic education activities and is proud to provide you, along with 12 other applicants from MCC member institutions, funding to assist in these efforts," said MCC's assistant director of campus partnerships, Shannon Zoet, in the award letter."

"I was pleasantly surprised to learn that the Michigan Campus Compact awarded the ISB this small grant to encourage our students' participation in community affairs," said Terry Monson, dean of the ISB. "One of our goals at Finlandia is to become a fully connected and engaged partner with our community."

To help achieve this goal, and with tools and resources provided by the grant, over the course of this academic year the ISB will engage four student teams in service activities at three local organizations. Monson anticipates that up to 16 Business program students and three ISB faculty supervisors will be involved in these endeavors.

Two of the teams will provide marketing and accounting assistance to the Copper Country Community Arts Center (CCCAC), Hancock, including updating the Art Center's balance sheet and reviewing its QuickBooks accounting entry system.

"Participation at CCCAC will increase ISB students' awareness of non-profit sector needs, and it will teach them how to apply their business education to areas outside of the private sector," Monson explains.

Another student team will provide project assistance to the Hancock Business and Professional Association, and the fourth team will provide business consulting assistance at Findlandia's Lily I. Jutila Center for Global Design and Business, a university-sponsored small business incubator.

In particular, the grant funds will fund an annual subscription fee for Quickbooks accounting software, purchase Microsoft Project Pro software, and provide partial funding for a statistical software license. The Venture Grant Cycle 40 grant period is from September 1, 2011 to August 31, 2012.

"We are grateful to the CCCAC, the Hancock Business and Professionals' Association, and the Jutila Center for supporting this grant and for their willingness to work with our students," Monson says. "I believe it is an undertaking that will benefit all of us."

For additional information about the Finlandia University International School of Business, contact Dean Monson at 906-487-7338 or

Michigan Campus Compact (MCC) is a coalition of college and university presidents who are committed to fulfilling the public purposes of higher education. Campus Compact member presidents are joined together in their commitment to the development of personal and social responsibility as integral to the educational mission of their campuses. Currently MCC has 43 member campuses and Michigan members are part of national Campus Compact, a coalition of nearly 1,100 college and university presidents, representing some 6 million students.

Finlandia University, founded in 1896 as Suomi College, is the only private university in Michigan's Upper Peninsula, and one of 24 colleges and universities affiliated with the Evangelical Lutheran Church in America. It is the only university in North America founded by Finnish immigrants. Located in the Upper Peninsula town of Hancock, Michigan, Finlandia University is a learning community dedicated to academic excellence, spiritual growth, and service. Bachelor and associate degrees are earned by students in two schools and two colleges serving the disciplines of art and design, business, liberal studies, and health sciences. Finlandia student-athletes compete in NCAA Division III sports. Please visit our website at