FOR
IMMEDIATE RELEASE
Thursday, Feb. 26, 2009
Contact:
Dave Wellman, Director
of Communications, (304)
696-7153
HADCO contributes $50,000 to
Marshall University
for ‘Bucks for Brains’
initiative
HUNTINGTON, W.Va. – Huntington Area Development Council (HADCO) announced today that it is contributing $50,000 to the Marshall Institute for Interdisciplinary Research (MIIR) as part of West Virginia’s “Bucks for Brains” initiative.
The gift is the result of the passage of the Research Trust Fund bill, which allocates $15 million to Marshall University and $35 million to West Virginia University as research endowment trust funds to be matched by contributions from each institution’s foundation.
“We are pleased to support this initiative as it will strengthen Marshall University as a research institution and help develop technology based jobs for our region,” said Gerald McDonald, president of HADCO.
Dr. Ron Area, CEO of the Marshall University Foundation, Inc., said the university is extremely pleased to receive support from HADCO to further its efforts in the “Bucks for Brains” campaign.
“This type of investment from a Huntington organization strengthens our entire community and signals a voice of confidence in the research investment that we are planning for the future in this area,” he said.
HADCO is a nonprofit economic development organization with the mission of creating new jobs in Cabell and Wayne counties. Aggressive marketing by HADCO has helped bring more than 30 new companies to the area resulting in more than $500 million in new capital investment and more than 10,000 new jobs.
For more information, contact McDonald at 304-525-1161.
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