RALEIGH — An Alamance County businessman and author is giving $500,000 to N.C. State University for its upcoming entrepreneur-themed student community.
University officials announced the gift Monday from Andy Albright and his wife, Jane. It will be spread over five years to help pay for operational expenses at the Andy and Jane Albright Entrepreneurs Living Learning Village and fund entrepreneur-related programming there such as speaker events.
The community opens on the Centennial Campus in August 2014 and will be the first of the university's themed "living learning villages" to be named for a donor.
Albright is president and CEO of National Agents Alliance, an insurance marketing company, and he wrote " The 8 Steps to Success," and " Millionaire Maker Manual."
The idea is to create a community that allows students to immerse themselves in entrepreneurial thinking and doing, and bolster a culture of entrepreneurship across the university.
Students living in the village will have access to the Entrepreneurship Initiative Garage, a business creation and prototyping space with resources such as a 3D printer, interactive whiteboard in the meeting rooms, carpentry tools and electronics instruments.
The garage is in another building now, but will be moved to the first floor of the housing village and double in size.