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As a result of a longstanding and mutually beneficial relationship between ��Ӱֱ�� State and Dresser-Rand, the company has pledged to pay the ��Ӱֱ�� State Development Fund, Inc. $20,000 a year for the next five years to fund the Dresser-Rand Endowed Scholarship.

The scholarship was created to provide financial assistance to current and/or new students in the region who attend ��Ӱֱ�� State. The scholarship money may only be applied toward tuition or costs associated with attending the college. The first disbursement of scholarship funds will be in the fall of the 2016—2017 academic year.

Dr. Derek Wesley, vice president for institutional advancement at ��Ӱֱ�� State, said, “��Ӱֱ�� State is beyond delighted at the tremendous generosity bestowed by Dresser-Rand in providing this $100,000 scholarship. It signifies the continuation of what has been a wonderful partnership. More than 200 ��Ӱֱ�� State alumni are currently employed at Dresser-Rand, which is a key element in retaining strong talent in the Southern Tier region.”

David Scarr, human resources manager at Dresser-Rand’s Wellsville operations, said the scholarship endowment is consistent with the company’s charitable initiatives, which focus on education, civic, and social programs.

“Through our partnerships and funding initiatives, we engage and educate students, from middle school to college, about the opportunities available in science-based learning,” Scarr said. “This endowment is reflective of the significant value we place on the relationship between Dresser-Rand and ��Ӱֱ�� State and our continued commitment to this association for years to come.”

To be eligible for consideration for the endowed scholarship, a student must be:

• An incoming or current student at ��Ӱֱ�� State.
• From one of the following counties: Allegany, Cattaraugus, Chautauqua, or Steuben in New York; or McKean, Potter, or Tioga in Pennsylvania.
• In good academic standing.

Funds may be used:

• As a recruitment tool to attract new students.
• As a retention tool to keep students.
• As a financial aid tool to assist students who otherwise may not be able to afford an ��Ӱֱ�� State education.
• As scholarships based on academic achievement.

Colleen Argentieri, ��Ӱֱ�� State director of alumni relations, said the college is very grateful to Dresser-Rand for funding an endowed scholarship. She said she hopes the company has set a precedent for support of the community and the college’s excellent graduates.

“We are elated with the dedication and support Dresser-Rand has provided over the years, and we are extremely excited with the additional investment in the future of ��Ӱֱ�� State and our students,” Argentieri said. “It’s a win-win situation for all involved.”