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NOMINATIONS SOUGHT TO IDENTIFY AREA'S OUTSTANDING ENTREPRENEURS

 NOMINATIONS SOUGHT TO IDENTIFY AREA'S OUTSTANDING ENTREPRENEURS
 PITTSBURGH, April 7 /PRNewswire/ -- Nominations to honor and recognize western Pennsylvania's most successful and dynamic entrepreneurs are now being sought for the Entrepreneur of the Year award, it was announced today.
 Founders Ernst & Young, and national sponsors Inc. magazine and Merrill Lynch, are searching for our best entrepreneurs.
 "The Entrepreneur of the Year program not only honors and recognizes the achievements of outstanding entrepreneurs, but also provides a forum to share and learn about successful strategies, processes and innovations. Previous award recipients have told us that their award has positively impacted their business," said Adam Monks, Pittsburgh office entrepreneurial services director for Ernst & Young. "In fact, a recent survey of previous award recipients showed that 88 percent said the award increased recognition of their business, 52 percent said it improved employee morale, 51 percent said it increased their network with other entrepreneurs, and 14 percent said it directly increased sales."
 The deadline for nominations is April 17, 1992. Self-nominations are encouraged as are those from suppliers, customers and others who work with entrepreneurs. Judging is done by an independent panel of area business leaders. Awardees will be announced at a banquet on June 12.
 The Entrepreneur of the Year program, created by the professional services firm of Ernst & young, is the country's preeminent program honoring outstanding owners of emerging companies. Awards will be given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Individuals who have shown extensive support for entrepreneurial ventures are also eligible.
 Owners or top managers who are primarily responsible for the growth of a company or who have shown active support for entrepreneurship are eligible for the Entrepreneur of the Year award. Companies must have been operating for at least two years. If the company is publicly held, the founder must be an active member in top management.
 Awards may be given to entrepreneurs in retailing, manufacturing, high technology, construction, real estate and health care. Other categories include master Entrepreneur of the Year for businesses more than five years old and Emerging Entrepreneur of the Year for businesses less than five years old. Individuals who have encouraged and contributed to the entrepreneurial spirit are eligible for the Supporter of Entrepreneurship award.
 Entrepreneurs who commit themselves or their business resources to help their communities address environmental concerns or overcome social problems such as homelessness, crime, substance abuse, and illiteracy will be honored as the Socially Responsible Entrepreneur of the Year.
 Final determination of the categories in which awards will be given will be made by the judges on a regional basis on the quality of completed nominations received by the deadline.
 For more information and nomination forms, write: Eileen Quigley, Entrepreneur of the Year Awards, Ernst & Young, 2000 Pittsburgh National Building, Pittsburgh, Pa., 15222, or call 412-644-0442.
 -0- 4/7/92
 /EDITORS: Entrepreneur of the Year is a registered service mark of Ernst & Young. The Institute of American Entrepreneurs is a service mark of Ernst & Young. Inc. is a registered trademark of Goldhirsh Group, Inc./
 /CONTACT: Karen Hoy of Ernst & Young, 412-644-0670/ CO: Ernst & Young; Inc.; Merrill Lynch ST: Pennsylvania IN: SU:


CD-JT -- PG006 -- 5840 04/07/92 12:35 EDT
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Date:Apr 7, 1992
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