Before he was the CEO of Millennial Media, Paul Palmieri went to Mount St. Mary’s University in Emmittsburg.
This week, the university said Palmieri is making a donation to help the next generation of entrepreneurs.
Palmieri and his wife, Diane Loiello Palmieri — who is also an alum — are giving $1 million to launch the Palmieri Center for Entrepreneurship.
It will provide programming like workshops and business plan competitions, along with mentorship and startup immersion. The university is also developing a major and minor in entrepreneurship.
“We believe the Mount is the perfect place to establish the center because it has a rich history of graduates who have gone on to become successful entrepreneurs — it’s in the university’s DNA,” Paul Palmieri said in a statement.
The center will open in the fall after hiring a director. Here’s the job posting.