2016 News Releases
TWU to lead state’s first university center to create more women entrepreneurs and business owners
Tina Mims, TWU’s new executive director of The Business Hub for Women Entrepreneurs, discusses plans for the new center with Dave Quinn, vice president-economic development in Frisco, Texas. Photo credit: Michael Modecki.
New Executive Director believes more female business owners will expand Texas’ economy
Texas Woman’s University today appointed a serial entrepreneur and former Fortune 50 executive, Tina Mims, to lead the state’s first university center designed to position Texas as No. 1 in America for entrepreneurial women. This new strategic venture is called “The Business Hub for Entrepreneurial Women, Powered by TWU.” Mims, who holds multiple business administration degrees and a doctorate in marketing, has taught the past decade at TWU’s School of Management.
In June 2015, Governor Greg Abbott, working with Senators Jane Nelson and Craig Estes, and Representative Myra Crownover, approved $2.2 million in the 2016-17 Texas budget to create this one-of-a-kind center. Since then, Mims and other TWU officials have undertaken considerable research and discussions with education, business and civic leaders nationwide. These efforts underscored the need for an “action-oriented” center focused on economic growth through building more women-owned businesses.
“Empowering women entrepreneurs is crucial to the economic future of Texas,” said Governor Abbott. “With the launch of Texas Woman’s University’s Business Hub for Entrepreneurial Women, Texas is encouraging current and future business women to build and grow their enterprises. I am confident Dr. Mims’ proven leadership and extensive experience working with education and business leaders across the country will help elevate Texas to become the number one state for entrepreneurial women in the nation.”
Senator Nelson added, “Dr. Mims is an excellent choice to lead this new center. Not only is she well qualified academically, but she spent more than 20 years in the private sector and knows what it takes to lift a small business off the ground.”
Mims said, “We value the state’s trust and investment in this strategic venture at TWU. We have worked hard to design a unique vision that catalyzes women’s ability to create and build new businesses. The expectation is that both Texas and TWU become a magnet for attracting women-owned businesses because of our training, mentoring and networking support.”
According to Doug Hall, CEO of Eureka! Ranch and Innovation Engineering Institute, “Tina Mims is a dynamo who makes great things happen. I predict the women of Texas will soon be the Hub of a new entrepreneurial economy.”
Mims believes TWU is the perfect place to expand women’s abilities to start and grow successful businesses, beginning with students who increasingly seek this path. Having recently taught more than 400 entrepreneurial undergraduate and graduate students, Mims observed TWU student business interests ranged from manufacturing, health care, social services and retail trades to other professional, technical and scientific services.
“Imagine what can happen when we open up the entrepreneurial mindsets of all of our students on our three campuses and begin networking with the historically large pool of Texas entrepreneurs, business leaders, venture capitalists and economic development experts,” she said.
The first plans for the new Hub include a scholarship program this fall for first-year students who, after participating in a selection process, can work on their business idea while earning their TWU degree. Mims also will launch an outreach program to women entrepreneurs who want to grow their business by having the appropriate certifications. There are more than 10 certifications for women-owned businesses, and the new Hub will conduct events across Texas to educate women on the benefits and what’s required to obtain these certificates.
Chancellor Carine M. Feyten underscored the value of the new strategic venture—the first of its kind in any Texas university, public or private.
“The Business Hub for Entrepreneurial Women provides students--and the community--support for women who desire the independence of business ownership,” Feyten said. “This new venture at TWU is central to providing competency in business creation and ownership while offering the ability for engagement with mentoring role models who already own their own businesses. By establishing partnerships, professional networks, dissemination of information and hands-on learning opportunities for students and others, TWU intends to significantly contribute to the goal of spurring economic growth with women business owners in Texas.”