Local civic organization Progress 64 West will award at least $5,000 in scholarship assistance to area high school seniors attending schools along in the Hwy. 40/I-64 corridor.
The awards are funded through the organization’s annual Louis S. Sachs Scholarship program in honor of the late Louis S. Sachs, a visionary entrepreneur. Accordingly, Progress 64 West is looking for applicants with entrepreneurial dreams and plans for the future.
Students in the Francis Howell, Fort Zumwalt, Wentzville, Rockwood and Parkway school districts, and those who attend private schools or are home-schooled students within those districts’ service areas, are eligible to apply.
To be eligible, applicants must submit an Executive Summary of a Business Plan that includes:
• a description of the business concept, including nature of the business, mission, objectives, philosophy and values, and contribution to the community.
• market analysis, including market need, competition and strategy to meet the need and successfully and profitably compete.
• business operations, including necessary management, employees, vendors, professional assistance, facility and technology.
• sales and marketing strategies, tactics and techniques.
• sources and uses of funds necessary to start and operate the business.
One student will receive a $5,000 scholarship, paid in two installments of $2,500 – one for the student’s first year of college and another for the second year, provided the student maintains minimum GPA of 2.5 during the first year, is enrolled in school full-time and is otherwise in good standing; and others could receive a $2,500 scholarship, paid in one installment for the student’s first year of college.
All applicants must submit their application and an Executive Summary of a Business Plan by email to the attention of Sharon Huber at email@example.com no later than Nov. 30.
Applications are available online at progress64west.org.
The Louis S. Sachs Scholarship program is sponsored by American Direct Marketing Resources, LLC, DosterUllom & Boyle, LLC and Stinson.
With the 2020 award, Progress 64 West will have bestowed $100,000 in support to area students.