The U.S. Small Business Administration’s Alabama District Office has signed a strategic alliance memorandum with Selma-based Concordia College Alabama.

The purpose of the memorandum, which will be in effect for two years, is to develop a working relationship between the SBA and Concordia College Alabama. It is also part of the SBA’s efforts to strengthen and expand local small business development.

“We currently have students who are interested in becoming entrepreneurs, and this will provide them with broader knowledge to utilize along with the theoretical knowledge being taught in class,” said Glenn King Jr., chair of CCA’s division of business and computer information systems. “This partnership will also strengthen our relationship with the overall community.”

The memorandum is part of SBA’s effort to form alliances with Historically Black Colleges and Universities across the Southeast region.

Last year, the SBA signed a strategic alliance with J. F. Drake State Technical College in Huntsville.

Antrenise Cole | Reporter- Birmingham Business Journal | Email

Antrenise Cole covers banking, finance, small business lending, venture capital, accounting and law for the Birmingham Business Journal.