Riedel Foundation awards grant to help train young entrepreneurs

HANNIBAL, Mo. — The George H. Riedel Foundation has awarded a $7,000 grant to help educate and train future business leaders.

The Hannibal Area Creating Entrepreneurial Opportunities (CEO) program, now in its third year, brings together the local business community and area schools to create project-based experiences for students. Participants benefit from funding, expertise, meeting space, business tours and one-on-one mentoring.

“Students visit area businesses, learn from guest speakers, participate in a class business, write business and start and operate their own businesses,” said CEO chairperson Maria Kuhns in a press release. “It helps the students understand the assets and benefits of the community and creates a relationship with other professionals in the area, so they know if they choose to remain or return to Hannibal, there is a lot to offer.”

The new CEO facilitator is Kendel Locke who knows a thing or two about returning to the community to run a business. Locke is the young entrepreneur who started Hula Bowls, with locations in Hannibal and Quincy. She is a 2022 graduate of Hannibal High School and recently earned a degree from the University of Tennessee’s business school.

As CEO facilitator, Locke will be responsible for scheduling business visits and speakers, planning class days, coordinating the mentorship program, communicating with the board and helping students launch their own businesses.

“As someone who grew up here in Hannibal and launched my own business in this community, I understand how valuable local connections and support can be,” Locke said. “I’m excited to help students gain real-world experience and discover the opportunities that exist right here in Hannibal.” 

The Riedel Foundation was instrumental in establishing the local CEO program. In 2022, trustees awarded $17,500 to help bring the initiative to the area. The students have also met with the Riedel Foundation administrator each year to learn about philanthropy and giving back to your community.

Since its founding in 2000, the Riedel Foundation has awarded approximately $7.5 million in grants to nonprofit agencies benefiting Hannibal residents