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Rich Products Scholar Program furthers workforce pipeline

Rich Products Scholar Program furthers workforce pipeline
GRAPHIC COLLAGE BY AVANT FOOD MEDIA | SOURCE IMAGE FROM RICH PRODUCTS
BY: Lily Cota

Lily Cota

BUFFALO, NY — Rich Products (Rich’s) is expanding its commitment to global education and local workforce development through the launch of the Rich Products Scholar Program, formed in partnership with Niagara University and Foreign Trade University (FTU), one of Vietnam’s premier academic institutions.

The collaboration is designed to promote cross-cultural understanding, empowering students from both institutions to develop global business skills and creating a successful workforce pipeline.

“As a global food company, we have a responsibility to help build a strong pipeline of future leaders who have the global fluency and real-world skills to make an impact,” said Richard Ferranti, CEO of Rich’s. “This partnership with Niagara helps to do that by bringing together education, culture and business in a powerful way. Students gain hands-on global business experience, learn alongside people from different cultures and build the skills that matter in today’s global economy.”

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“Students gain hands-on global business experience, learn alongside people from different cultures and build the skills that matter in today’s global economy.” — Richard Ferranti | CEO | Rich Products

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Four students — two from Niagara and two from FTU — will be selected through a competitive application process to participate in the new program. Chosen individuals will receive $5,000 in annual scholarship assistance over the course of their undergraduate studies. They may also opt to complete their MBA in one additional year and receive additional financial support. Students from FTU are eligible for financial assistance to assist with travel and housing costs.

“The Rich Products Scholars Program opens a remarkable door for our students,” said Dr. Mark Frascatore, dean of the Holzschuh College of Business Administration at Niagara University. “Combined with mentorship from Rich’s leaders and a paid internship at a global company headquartered in Buffalo, it’s exactly the kind of experience that launches a meaningful career.”

The internship will take place during the summer following the scholars’ junior year. Rich’s will provide each scholar with a dedicated professional mentor for ongoing career guidance, industry insights and networking opportunities.

“This new collaboration with Foreign Trade University and Rich’s is a powerful testament to the value of global partnership and the shared vision we hold for our students,” said Rev. James J. Maher, C.M., president of Niagara University. “The Rich Products Scholar Program is precisely the type of initiative that prepares students for the complexities of the modern, interconnected world. It promotes vital cross-cultural understanding and ensures that our graduates are equipped with essential global business skills and a clear path to meaningful careers.”

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