Entrepreneur Paul Holloway honored by UNH business school
The award is given to a business leader with a demonstrated commitment to the state's business community, an appreciation for UNH and its resources, and a track record of creating entrepreneurial value by starting companies, supporting and promoting new ventures and mentoring individuals engaged in business start-ups, the university said.
"Paul Holloway's philanthropy to UNH has allowed us to hold Holloway Prize annually for 25 years and help UNH students share their dreams, visions and business proposals with judges and others from the academic and business communities," said Michael Merenda, Holloway Prize Competition director and professor of strategic management and entrepreneurship.
Holloway will be presented the award at the Paul J. Holloway Prize Innovation-to-Market Competition on Wednesday at UNH.
The UNH Paul College is celebrating the 25th anniversary of the Holloway Prize Competition, which is the state's oldest business plan competition and honors Holloway. Six teams will vie for more than $75,000 in prize money and awards in the final round of competition, including $25,000 for first place, to be held in the Squamscott Room of Holloway Commons in Durham.
Holloway, a graduate of Temple University, began his career in the automotive industry as a district manager of Buick Motor Division. In 1967, he invested all of his assets in a Buick-Pontiac dealership in Exeter that had sold only 90 new and used cars the previous year and renamed it Dreher-Holloway.
He built the business into one of the largest dealerships in New Hampshire and has won numerous industry awards, including Time magazine's "Quality Dealer of the Year."
In addition to his automotive enterprises, Holloway was a partner in Clipper Nursing and Retirement Homes until he sold the business in 1997 and is presently an owner of the Wentworth Marina in New Castle.
Holloway chairs the New Hampshire Community College System of New Hampshire and has served as a New Hampshire lottery commissioner for nine years. He is a past member of the Whittemore School of Business and Economics Dean's Advisory Board.