CEO Chapter Comes to Hannibal Regional Economic Development Council with Riedel Foundation Grant – Muddy River News

Corey Mehaffy, executive director of the Hannibal Regional Economic Development Council, left, and Paul Richards, trustee of the Riedel Foundation. | Photo courtesy of the Riedel Foundation

HANNIBAL, Mo. – The Riedel Foundation is partnering to help educate and train future business leaders by awarding a $17,500 grant to help establish a Chapter on Creating Entrepreneurial Opportunity at Hannibal Career and Technical Center.

The Hannibal Regional Economic Development Council applied for the grant. It is partnering with the Hannibal Public School District, Hannibal Area Chamber of Commerce, and Small Business Development Center to create the CEO Initiative with support from the Riedel Foundation.

Through CEO courses, the local business community partners with schools to create project-based experiences for students by providing funding, expertise, meeting space, company tours, and one-on-one mentorship. .

“In this program, students visit area businesses, learn from guest speakers, participate in a class enterprise, write business plans, and start and operate their own businesses,” said HREDC Executive Director Corey Mehaffy, in a press release. “It’s the kind of hands-on approach that will help students succeed in business as adults.”

The program will benefit students in seven school districts in the Northeast Missouri region. The Riedel grant will cover start-up costs for Hannibal students expected to enroll. A term of the Riedel Trust is that the money can only benefit the people of Hannibal.

“This is an excellent collaboration for the Riedel Foundation,” said administrator Paul Richards. “We help Hannibal students with an interest in business, and our surrounding communities will also help fund this program to benefit students in their school districts.”

The goal is for the CEO Chapter to begin in the fall of 2023 at the Hannibal Career and Technical Center. This is a program of the Midland Institute for Entrepreneurship.

The Riedel Foundation has granted more than $6 million to Hannibal nonprofits since its inception in 2000.

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