Ferrum News

Ferrum College Students Win SIFE CompetitionAgain!


For immediate release:
April 21, 2010
Contact: John Carlin, (540) 365-4300


The Ferrum College Students in Free Enterprise (SIFE) Team recently returned from Charlotte, North Carolina with yet another champion’s trophy. 30 students who, have worked since September, on projects such as: financial literacy, The Reality Store, cultural etiquette, Fasting for the Hungry, The next Step, The Last Mile broadband initiative and ethics placed first in League four. The team now goes on to compete at SIFE Nationals in Minneapolis May 11-13.

“I am so proud of these students. They have gone out and served the community with real projects that will yield real results to make this a better community. In the process they have learned how to apply what they’ve learned in class,” said Dr. Demetri Tsanacas, Ferrum College Professor of Business. Tsanacas started SIFE at Ferrum in 1988 and has had a long string of regional victories. The 2010 win marks 20 consecutive victories.

Ferrum students, Samantha Naff, Heather Marshall, Steven Slusher, Stephen Burgyone, Andrew King, Jessica Summers, among others, worked in the community to do promote entrepreneurship, economic education and marketing skills to small business owners, to high school students and to Ferrum College students. Their efforts have been recognized by the Franklin County administrators as well as Ferrum College.

They also undertook projects to conserve electricity and to recycle food waste.

“It was a great experience, said Stephen Burgoyne, a senior who worked on the Last Mile broadband project and who hopes to fly helicopters in the military after graduation. “Competing was fun, and it was nice to win, but helping local businesses, and seeing how business works is what’s really important.” Having said that Burgoyne concedes, “It would be nice to win in Minneapolis.”

Dr. Leslie Lambert, Provost at Ferrum College had high praise for the students and the program. “SIFE is one of the strongest programs we have at Ferrum,” she said. “Year after year, Dr. Tsanacas and his students make us proud.”

Seven Students will board a plane on May 11th for the competition in Minnesota. Where they will be competing against SIFE teams from colleges and universities from across the United States.