Progress 64 West presents:
The Louis S. Sachs Scholarship
The Louis S. Sachs Scholarship awards scholarships to area high school seniors each year. The awards are funded through the organization’s annual Louis S. Sachs Scholarship program and will be awarded to 2022/23 graduating seniors based upon their submissions of an Executive Summary of a Business Plan.
Scholorships for the 2022/23 School Year
For more than two decades, Progress 64 West has awarded area high school seniors the Louis S. Sachs Scholarship in honor of the late Louis S. Sachs, a visionary entrepreneur. Our program is unique because seniors submit a business plan to apply for the scholarship. Our past winners include emerging entrepreneurs, senior-level managers, a surgeon, and more. We're launching our scholarship program for the 2022/23 school year. Previous scholarship winners joined our members back in June to share what they've been doing and how the scholarship impacted their lives. Talk about inspiring stories! Get your application today!
Students
Deadline for Application is October 31st, 2022.
Businesses
Deadline for Sponsorship is September 1st, 2022.
2022/23 Presenting Sponsors
About the Scholarship:
Progress 64 West will award scholarships of at least $11,000.00 to area high school seniors attending schools along the I-64/Highway 40 corridor. The awards are funded through the organization’s annual Louis S. Sachs Scholarship program and are awarded to graduating seniors based upon their submission of an Executive Summary of a Business Plan.
Four individuals will be awarded a scholarship this year. Detailed as follows:
One $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 a minimum grade point average (GPA) of 2.5 during the first year, is enrolled in school full-time and is otherwise in good standing.
Two $2,500 scholarship
Paid in one installment for the student’s first year of college. At the discretion of Progress 64 West, scholarships may be paid directly to the college or university the winning student attends.
One $1,500 scholarship
Paid in one installment for the student’s first year of college. At the discretion of Progress 64 West, scholarships may be paid directly to the college or university the winning student attends.
Scholarship Eligibility &
Application Process:
The Louis S. Sachs Sachs Scholarship is awarded annually in honor of the late Louis S. Sachs, a visionary entrepreneur. Accordingly, Progress 64 West is looking for applicants who have entrepreneurial dreams.
• To be eligible to apply for the Louis S. Sachs Scholarship, a student must be a high school senior in the Parkway, Rockwood, Francis Howell, Fort Zumwalt, or Wentzville School District areas. Students attending private schools and home schools within theses areas are also eligible.
• To receive scholarship funds, a student must be enrolled as a full-time student attending an accredited junior college, college or university.
• To be considered for the scholarship, applicants must submit their Executive Summary of a Business Plan no later than Monday, November 1, 2022.
• Progress 64 West representatives may interview applicants prior to awarding the scholarships.
• To be considered for a scholarship, an applicant must submit a proposed 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.
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