UTC has been named Corporate Business of the Year by the 2002 Minority Enterprise Development Week Award Committee.

"This award serves to recognize a corporate business that supports an environment for minority enterprise development in Chattanooga," according to Charles Payne of the nomination committee.

UTC has partnered with the M.L. King neighborhood, working together toward economic development, public service, quality of life enhancements and K-16 educational opportunities.

With its expansion between McCallie Avenue to M.L. King Boulevard, the University developed a program to ensure diversity in the temporary and permanent work forces of trade and construction business awarded capital projects.

Additionally, UTC began a program to expand financial opportunities for minority-owned businesses who wish to market their services and products to the University community. In partnership with the Lyndhurst Foundation, UTC works with the M.L. neighborhood through a new housing incentive program called "Live Where You Work," allowing full-time faculty and staff $5,000 toward a down payment, and $2,000 per year for five years for home improvements, etc.

In support of higher education, during the last year the University established an academic scholarship program to facilitate the UTC enrollment of M.L. King neighborhood residents. UTC is the only higher education institution in Tennessee to exceed the diversity goals set by the courts in all three categories. They are student enrollment, faculty hires and staff hires.

Last year, the University held its first annual Legacy Award Dinner, recognizing leaders in the Chattanooga area whose demonstrated commitment to diversity has made a difference in the life of past, present and future citizens.

"The University’s students, faculty, staff and alumni are delighted to receive this award," said UTC Chancellor Bill Stacy.