Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) today announced that he secured federal funding for Monmouth University in the Appropriations Subcommittee on Financial Services spending bill for Fiscal Year 2023. The House is expected to vote on the underlying legislation in the coming months.
Monmouth University will receive $640,000 to educate entrepreneurs from underserved communities in Central New Jersey. The University will use the funding to establish a program at its Center for Entrepreneurship through the Leon Hess Business School that will focus on developing, educating, and accelerating entrepreneurs with a particular focus on communities in need.
“I’m proud to announce today that I’ve secured federal funding for Monmouth University to support educational opportunities for underserved communities. This funding will help educate the next generation of entrepreneurs from communities in need and strengthen our state’s economy in the process,” said Pallone. “I’m looking forward to seeing this project move through the legislative process.”
“Monmouth University is very appreciative of the support and confidence from Congressman Pallone,” said Monmouth University President Patrick Leahy. “This funding would be used to support budding and aspiring entrepreneurs through educational offerings committed to achieving social and economic progress.”
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