Maryland Smith to Expand Global Outreach with $1.2 Million Grant

COLLEGE PARK, Md., Oct. 3, 2018 /PRNewswire/ -- A $1.2 million grant from the U.S. Department of Education will allow the Center for Global Business at the University of Maryland's Robert H. Smith School of Business to expand its portfolio of externships, language training and other programs through 2022.

"The grant gives us an opportunity to serve Smith students, Smith faculty and the Maryland business community," says Rebecca Bellinger, executive director of the school's Center for Global Business. "The grant also gives us a platform for reaching outside the school to connect the rest of the country and the rest of the world to Smith."

The four-year funding commitment, renewed for the fifth time at Maryland Smith, will position the school as a national resource center with 20 years of experience in the Centers for International Business Education (CIBE) program. Maryland was one of 15 grant recipients chosen from a competitive applicant pool in 2018.

"The CIBER network allows us to do things together with other schools at a scale that we wouldn't be able to do otherwise," says Kislaya Prasad, research professor and academic director at the Center for Global Business.

Among the new initiatives, the center will seek to establish externship positions that will connect Smith students with the Maryland business community. "We will place students within companies that would benefit from having an additional pair of hands and additional talent on their teams," Bellinger says. "Essentially, the students will help small and midsized companies export Maryland products."

The externships will be managed through a Smith partnership with the Maryland Department of Commerce. Other partnership activities will continue, including export management training and the Maryland Global Consulting Program launched in 2016.

The center also will expand its partnership with Maryland's School of Languages, Literatures, and Cultures. During the previous grant cycle, the partnership produced two business language courses in French and Arabic — supplementing the school's existing courses in business Spanish. The new grant will allow additional courses in business German, starting in spring 2019, and at least two more business language courses.

"These courses will be very significant for the language learning community on campus," Bellinger says. "Especially if we can tie these courses to emerging markets, an area of emphasis in our grant application."

Other grant activities will include global internships, international business treks and study abroad programs. In terms of research initiatives, Prasad says one area of focus will be digital trade and artificial intelligence.

"The iconic American exports in the old days were General Motors cars and Coca-Cola," Prasad says. "But now when you go to different countries, you might stay in an Airbnb, you might order something on Amazon, or you might call an Uber to go where you want to go. So there are these different exports that are facilitated by digital platforms and data flows associated with artificial intelligence."

The U.S. government launched CIBE in 1988. The program provides funding to business schools for curriculum development, research and training on issues of importance to U.S. trade and competitiveness.

About the Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community.

Contact: Greg Muraski at [email protected] or 301-405-5283

SOURCE University of Maryland's Robert H. Smith School of Business

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http://www.rhsmith.umd.edu