Paul Palmieri donates $1 million for entrepreneurship center at Mount St. Mary's U - Technical.ly Baltimore

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Apr. 13, 2017 9:42 am

Paul Palmieri donates $1 million for entrepreneurship center at Mount St. Mary’s U

The Western Maryland university is the alma mater of the Millennial Media cofounder and his wife.

Paul Palmieri.

(Courtesy photo)

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.

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Stephen Babcock

Stephen Babcock is Market Editor for Technical.ly Baltimore and Technical.ly DC. A graduate of Northeastern University, he moved to Baltimore following stints in New Orleans and Rio Arriba County, New Mexico. His work has appeared in The New York Times, Baltimore Fishbowl, NOLA Defender, NOLA.com/The Times-Picayune and the Rio Grande Sun.

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