Federally Backed Venture Fund Selects APU
The American Samoa Venture Fund Committee has tentatively approved APU for partial equity funding. APU's two year start up proposal totalled US $980,000. US $180,000 was awarded from the federally funded venture capital program. Under the terms of the funding, a private equity partner assume a 20% equity position and has partial input in the operations and management of the company.
APU shoulders the burden of financing the balance of the start up costs, US $780,000.
APU's proposal visions profitability in the third year of operations. The school's business plan is based on the proposition that many foreign students are not fully prepared linguistically to succeed in a typical US university classroom. APU's language and classroom instruction prepares foreign students to "succeed on day one" once they enroll in a US college or university.
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High Speed Satellite Broadband Critical Element in Remote Island Economic Transformation.
American Pacific University's vision of a knowledge based economy driven by low orbit O3b high speed broadband services is a main theme of the most recent video publication from the fast growing broadband service provider.
APU President, John Wasko, and CEO of the APU's parent company, Calumet Industrial Services, provided a concise explanation how high speed broadband is the driver of modern education in American Samoa.
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New Building Site To Become Community Landmark
APU's planned multi purpose structure would house federal government offices, private medical outpatient clinics and American Pacific University classrooms and administration facilities. Once the site of a 150 room hotel, the land has been cleared for redevelopment. When completed, the landmark structure redefines American Samoa's new economy based on education, medicine and hi tech industries owned and operated by local professionals.
Visa will protect students, government and private housing contractors
Modeled after the United States F 1 Student visa law, the bill will guarantee the financial, health, housing and sponsorship rules and regulations of the American Samoa Government.
Read the full non-immigrant student visa bill here
Student Visa Bill Draft
American Pacific University has applied for Venture Capital Start Up Funding through the Small State Business Credit Initiative. The federally funded program encourages local development of start up and existing businesses that are likely to promote growth in the community. Funds are available in a number of credit packages including low interest rate loans, partnerships with private equity funds and in kind contribution from the business applicants.
The program is administered by American Samoa Government Department of Commerce Director, Kenisele Lafaele.
American Pacific University's proposal includes a business plan and financial statement projections for three years of operation.
Read and review the APU business plan and financial statements by clicking or tapping here.
Learn more about the SSBCI program by visiting the American Samoa Department of Commerce page.
The American Samoa Environmental Protection Agency awarded BusyCorner Magazine, the on line publishing division of Calumet Industrial Services, a public service prize for environmental stewardship. John Wasko, the President of Calumet accepted the award from Mr. Ameko Pato, ASEPA Director. Busycorner has voluntarily maintained a public busstop in a heavily trafficked area close to schools, government offices and businesses. The award was presented at the ASEPA offices, a LEEDs Platinum Certified "Net Zero" building.
Visit BusyCorner Magazine On Line to learn more about American Samoa.
Environmental study is coming to one of the world's richest marine and rainforest resources. The Manu'a group of islands in American Samoa is home to the world's only coral reef to cloud rainforest day hiking trails in the world. Visit all the Travel Study curriculum pages here. http://bc-travel-us15.businesscatalyst.com/
Visit the APU Coral Reef to Rainforest Boutique while you are at Study Travel