*In this photo:* The College of Business has been awarded a $500,000 for the creation of a web-based COVID Recovery Lab to help business in New Castle County

On Campus

College of Business to create virtual platform for NCCo business

Monday, December 7, 2020

The University’s College of Business (COB) has received a $500,000 New Castle County Innovative Grant to create a web-based COVID Recovery Lab to help businesses in Delaware’s northernmost region to navigate the current Coronavirus environment.

Through an initiative entitled “Bounce Forward,” the COB will design and create a virtual platform that will be an online platform designed to serve as a springboard for businesses in New Castle County to not only “bounce back” (return to normal operations) from the negative impact of the COVID pandemic, but “bounce forward” as well.

Through this COVID Recovery Lab, New Castle County businesses will be equipped with key COVID business information and best practices, relevant business and workforce training. The platform will offer expert consultation designed to build the resiliency necessary to endure the current and next economic shock as well as propel their respective business into a more productive and efficient position that ultimately meets the demands of the new economy.

The platform will include:

A Data Repository that will provide relevant and on-demand, real-time industry-specific data and best-practices necessary to respond efficiently and effectively to dynamic economic conditions.
Virtual Business Training Courses tailored to specific industry opportunities, guidelines, and best practices.
Applied research and consulting that empowers businesses with the necessary analytics and knowledge to provide both a platform that ensures resiliency as well as a springboard for businesses to propel into innovative products and design that meet the demands of new economies. It will also include a peer-to-peer forum feature.

Dr. Michael Casson, Dean of the COB, is the principal investigator of the grant. The Co-PIs are Dr. Praveen Pinjani, COB Associate Dean; Dr. Constant Beugre, Professor of Business Administration; and Lillie Crawford, Director of the COB’s Delaware Center for Entrepreneurial Development. A group of faculty researchers will also contribute their expertise to the project.

“The College of Business is eager to leverage the collective expertise of our faculty, staff and students to support the businesses of New Castle County,” said Dr. Casson.

The New Castle County Innovative Grant that is funding the project comes from the federal Cares Act. The COVID Recovery Lab is slated to be completed and launched in January 2021.