Most of my readers are familiar with small towns in Iowa that have longstanding family-owned businesses, such as family eateries. Grandparents, parents, and children may own and work in these restaurants. They often have loyal employees that are “part of the family.” These owners may be unable to afford to pay their workers much more than $10 per hour, to say nothing of the proposed $15 per hour minimum wage.

By anyone’s estimation, the recently deceased Vernon Jordan was a “mover and shaker.” A commentary on his life referred to him as, “a civil-rights leader, Washington insider, Wise Man, power broker, deal maker, rainmaker, Wall Street banker and, as an interviewer put it a few years ago in the Financial Times, ‘the most connected man in America (Peggy Noonan, “America Loses a Wise Man,” Wall Street Journal, March 6-7, 2021, A13).’” Whew!

Understanding personal finance is a luxury where Sharnae Lamar (Finance and Economics, ’16) grew up. On the east side of Des Moines, Lamar says there aren’t many people who know how to manage money, invest, grow income — so when she had the opportunity to go to college, business was of interest.

Having employer-ready graduates is a priority at UNI Business. Part of that focus means helping students obtain professional certifications and credentials — like Certified Public Accountant (CPA), Certified Financial Planner, Six Sigma Green Belt, etc. — before graduation, boosting their marketability for companies and making them career ready.

The pandemic has damaged businesses across the country. Federal aid in the form of Paycheck Protection Program—which began April 3 and ended Aug. 8 and handed out 5.2 million loans worth $525 billion—provided an essential crutch. But some businesses, particularly Black-owned and minority-owned businesses, were largely locked out, according to a recent report from the Association Press and CBS.

The University of Northern Iowa provides a pathway for adults and students to obtain a bachelor’s degree in new and innovative ways. With support from UNI’s College of Business Administration, the Office of Online and Distance Education is recruiting students for a new Managing Business and Organizations Bachelor of Applied Science (MBO BAS) degree, tailored to working professionals to finish a four-year program.