In 1999 Dr. Richard Becherer and a group of community and business leaders began to plan an Entrepreneurship Hall of Fame to be housed at the UTC Rollins College of Business. The impetus for this idea was the proud entrepreneurial heritage of Chattanooga that built the city and continues in the twenty-first century. The goal of the Hall is to honor Chattanooga entrepreneurs that represent both the early foundations of entrepreneurship in the region, as well as, current area entrepreneurs. By celebrating this entrepreneurial legacy, the Entrepreneurship Hall of Fame highlights this critical aspect of the economy and creates entrepreneurial role models and communicates an entrepreneurial perspective to current students.
Each year, over 250 community leaders faculty and students come together at a dinner to honor the current group of Entrepreneurship Hall of Fame inductees. Individuals are inducted into the Hall in the pioneer, legacy, and contemporary categories. The tradition of celebrating entrepreneurial excellence in Chattanooga will continue by inducting another class of entrepreneurs into the Hall of Fame each year.