Houston continues to lead the nation in job growth, and the demand for degreed professionals is on the rise.

The University of Houston-Downtown’s Marilyn Davies College of Business has long prepared students for careers within the city’s robust workforce. Thanks to a new grant from The C.T. Bauer Foundation, the college will have the resources to further support students’ academic success and professional development.

The Foundation awarded the college a $455,000 grant that will fund full scholarships for business students in their junior and senior years at UHD. These new Ted Bauer Undergraduate Business Scholarships will support 25 students annually — providing $9,000 to each scholarship recipient.

“These scholarships are a game changer for our students,” said Dr. Charles Gengler, dean of the Marilyn Davies College of Business. “Students who are awarded these scholarships can focus more time and energy on their classes and ultimately graduate on time with less debt.”

Scholarships are open to current UHD Marilyn Davies College of Business students entering their junior year, as well as those transferring to the University. Students can apply for the Ted Bauer Undergraduate Business Scholarships and get more details at the college’s scholarships site. The deadline to apply for this year’s scholarships is May 31.

Qualified students must demonstrate a financial need, have a cumulative grade point average of 3.0 or higher, must be a citizen or permanent resident of the United States, and must have 48 – 60 hours remaining in their respective bachelor’s business programs.

The scholarship’s namesake, Ted Bauer, was known in Houston and throughout the nation as a forward-thinking business leader, who adhered to the belief that “People are the Product.” This scholarship will reflect his vision and that of the foundation to invest in business students, who have the potential to help the Houston business community grow.

According to Gengler, the scholarships not only cover tuition but also will provide benefits such as exclusive access to networking and professional development events (coordinated through the college’s Career Center).

The scholarships are ultimately a win-win for Houston students and employers, he added. By supporting the professional growth and education of tomorrow’s workforce, the Ted Bauer Undergraduate Business Scholarships have the potential to contribute to Houston’s thriving economy.

“They help our college fulfill the high demand for talented professionals in Houston’s business community,” Gengler said. “We are grateful for the support of The C.T. Bauer Foundation and look forward to soon congratulating the first recipients of these important scholarships.”