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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Davenport University, TEAM Schostak Family Restaurants Partner on Corporate Education Scholarship

March 4, 2019

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Mar 4, 2019--Davenport University announced today that it has developed a partnership with Michigan-based TEAM Schostak Family Restaurants (TSFR) to offer a Corporate Education Scholarship of $250,000. The scholarship will offset the costs of degree programs for TSFR employees through Davenport University.

The Corporate Education Scholarship is an initiative between Davenport University and the Michigan Chamber of Commerce that creates opportunities for leading in-state companies to provide educational benefits to their employees. As a continued contribution to the Reinvent Michigan campaign, the resulting Corporate Education Scholarship ensures that top businesses in Michigan can make education accessible and affordable for their workforce.

“With Michigan’s growing economy, our state is facing an insatiable demand for strong talent within our expanding workforce,” said Davenport University President Dr. Richard Pappas. “With this program, we’ll be able to empower employers to tackle this issue head-on by leveraging one of their most invaluable resources – their employees.”

The Corporate Education Scholarship, offered to qualifying Michigan Chamber of Commerce member companies, provides scholarships ranging from $2,500 to $5,000 per employee. These funds are made available to up to 50 employees and participation is renewable for up to four years.

“Our people are a key component of our core values at TEAM Schostak Family Restaurants and, we remain committed to investing in training and development programs that allow our more than 5,000 employees to succeed both personally and professionally,” said Mark Schostak, executive chairman of TSFR. “As we continue to lead the way in our state, this partnership with Davenport University is not only an investment in our employees and our organization, but also an investment in our state as we look to foster successful men and women to be tomorrow’s leaders.”

A division of Schostak Family Enterprises, which has been operating in Michigan for nearly 100 years, TSFR is a family-owned restaurant group with an expansive portfolio of more than 100 casual dining, quick service, fast casual and family dining restaurants throughout the state. TSFR’s portfolio includes Applebee’s, Olga’s Kitchen, MOD Pizza and Del Taco restaurants.

About Davenport University:

Founded in 1866, Davenport is a private, non-profit university serving about 7,500 students at campuses across Michigan and online. With tuition among the lowest of all private universities in the state, Davenport provides high academic quality, small class sizes, conveniently located campuses, faculty with real-world experience and more than 60 dynamic undergraduate and graduate programs. www.davenport.edu.

About TEAM Schostak Family Restaurants:

Livonia, Mich.-based TEAM Schostak Family Restaurants is a family-owned restaurant group with an expansive portfolio of casual dining, quick service and family dining restaurants throughout the state of Michigan. With a commitment to quality operations, TEAM Schostak Family Restaurants is an industry leader in attracting, developing and retaining the most talented work force that proudly delights its guests and sets an unmatched standard of excellence. www.teamschostak.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005964/en/

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SOURCE: Davenport University

Copyright Business Wire 2019.

PUB: 03/04/2019 04:00 PM/DISC: 03/04/2019 04:01 PM