Local entrepreneur donates $1 million to UNCW

Posted by Debra Worley - email

WILMINGTON, NC (WECT) - The University of North Carolina Wilmington received a financial gift to help boost various programs.

Wilmington real estate developer and entrepreneur H. David Swain and his wife Diane donated $1 million to support economic research and business development services through the Cameron School of Business.

"UNCW is very grateful to David and Diane Swain for their incredible generosity and dedication," said Chancellor Rosemary DePaolo in a statement. "In a time of shrinking state budgets, philanthropic gifts such as theirs empower the university to continue providing students with the most powerful learning experience possible. They are wonderful role models and friends who have made our campus and community much better places to live, work and learn."

The swains have previously supported a scholarship fund at UNCW to benefit the children of New Hanover County employees.

"UNCW has the platform to mold the brightest minds of our next generation, but can only do so with the financial support of those who believe in its promise," Swain said. "Diane and I are great believers in the university and hope our gift will inspire other business people to support UNCW financially."

The center will use the Swains' gift as a catalyst for program growth, enhancing the scope of services it provides to the region. A short list of the center's current projects includes:

  • working with the North Carolina State Port Authority to refine a model to predict shipping volume.
  • developing a unique and proprietary database of "angel investor" networks in the southeastern U.S., which will provide essential understanding of the overall funding processes available to early-stage entrepreneurs.
  • enhancing the center's North Carolina Economic database, which provides free, online access to an entire portfolio of economic data series covering the eastern portion of North Carolina (http://csbapp.csb.uncw.edu/ncecondata/). In addition to its use by the regional business community, the center hopes to encourage N.C. schools to utilize the database to help future students better understand the state's economic relationships.
  • working with the Wall College of Business at Coastal Carolina University to develop a joint Economic Summit, to be offered in Wilmington for the first time March 9, 2010.

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