There is a new entrepreneurial program at Jamestown Community College.

The Board of Trustees approved a resolution Tuesday which updates a policy for the naming of facilities, spaces, and programs, and reflects the naming of the James E. and Carol A. Stitt Center for Entrepreneurship.

The policy stated that its goal is to enhance the ability of JCC to promote and pursue contributions that support organizational goals, and to ensure college-wide uniformity and clarity to the process of naming college facilities and programs.

Since 2018, the Cutco and Stitt Foundations have provided JCC with more than $1 million in financial contributions. As a result, the college is much better able to equip the campus with updated facilities, and to provide financial assistance to area students in need.

“They (Cutco and Stitt Foundations) have gifted the college just over a million dollars since 2018,” JCC President Daniel DeMarte said. “that doesn’t count what they gave to the college long before 2018, like the Cutco Theater on the Olean Campus.”

Here are some examples of the financial contributions from the Cutco and Stitt Foundations:

– The Cutco USA Scholarship, which has assisted 949 students since 2018.

– Development and growth of the Manufacturing Technical Institute on JCC’s Cattaraugus County Campus.

– Construction and subsequent renovation of the Cutco Theater.

– Establishing an entrepreneurial ecosystem in Olean and the surrounding community in partnership with the Olean Business Development Corporation and St. Bonaventure University. The JCC Hatch Small Business Incubator is the latest component added to the ecosystem thanks to funding support from Cutco.

Collaboration between the African American Center for Cultural Development and JCC.

“The Cutco Foundation is more than a financial contributor to our community,” the resolution read. “Our Cattaraugus County Campus is centrally located in downtown Olean. We see the impact of the Foundation beyond our own campus. The Foundation is a convener of collaborators, helping to shape our community’s vision and future. This happens because those leading the Foundation believe in the value and importance of small communities and the necessity and success of partnerships that make small communities like ours thrive.”