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Release: May 16, 2002

UI receives $167,000 grant for international business education

The U.S. Department of Education has awarded a $167,000 grant to the University of Iowa's Henry B. Tippie College of Business to expand international business education programs focused on Latin America.

The two-year grant to the Institute for International Business (IIB) at Tippie College is from the department's Business and International Education program.

"This grant will allow us to integrate a global dimension into more programs within the Tippie College. It will also generate greater knowledge of the challenges and opportunities in Latin America among business and community leaders throughout Iowa," said William Albrecht, IIB director and professor of economics.

The grant will fund the IIB's project, "University of Iowa in Latin America: Training Global Leaders," which will provide internships in Latin America for undergraduate and MBA students and help establish a concentration in international business in the UI MBA program.

Eight UI faculty members will be involved in the project, which will integrate foreign language instruction and increase the international content in UI business courses. UI faculty will also develop and offer a Latin American Business Projects course, and a web-based global immersion course available to all students at the UI and others across the state. To further diversify the MBA student body, the Tippie College will step up efforts to recruit students who are fluent in Spanish and have had significant experience in Latin America to lead Spanish language discussion sections.

"With a demand for more international business education courses, coupled with Iowa’s increasing presence in the global market, this an opportune time to develop this curriculum and program," Albrecht said.

Through the grant, the IIB will offer global training and exposure to Iowa business leaders and develop materials on the region for the Iowa business community.

Business partners in this project include the Iowa Association of Business and Industry (ABI) Foundation, HON Industries and Integrated DNA Technologies. Through its Leadership Iowa program, the ABI will select 25 to 30 Iowa business and civic leaders to participate in a study tour to Latin America under the auspices of this project. Upon their return to Iowa they will give presentations about the challenges and opportunities in Latin America to civic organizations around the state. HON Industries and Integrated DNA Technologies will provide projects for the students in the Latin American Business Projects course and will accompany the students in this course while they undertake their internships in Brazil and Mexico.

For more information, contact the IIB at (319) 335-1379.