Home » Local business with Murray State partnership accepted into prestigious business program

Local business with Murray State partnership accepted into prestigious business program

Murray State University Small Business Development Center
Murray State University Small Business Development Center

MURRAY, Ky. — Scott Allen, president and CEO of Wisdom Tree Technologies LLC in Murray, has been selected to participate in the prestigious Goldman Sachs 10,000 Small Businesses Cohort/Scholars program.

Allen will participate in the 12-week program through a combination of online and in-person sessions this fall. In-person classes will be held at Babson College in Massachusetts, connecting small business owners from across the country. The selection process is very rigorous with applications submitted from across the United States.

Certified as an SBA 8(a) company, Service Disabled Veteran-Owned Small Business and Native American-owned enterprise, Wisdom Tree Technologies serves the IT and telecommunication industries, national defense, law enforcement, national security, special operations, inter-agency, intelligence communities and veteran health care communities.

The business has grown significantly from a staff of three in 2009 to over 60 currently and is expected to top 100 employees this year. In addition, WTT has been instrumental in providing internships and hiring opportunities for Murray State University students and graduates. This affords them valuable experiential learning as well as an income while attending Murray State. WTT continues to provide employment opportunities for many graduates who are also veterans as well as those with post-traumatic stress disorder. Allen is a fourth-generation military family service person, which qualifies WTT as a veteran-owned business.

Allen gives to the university in many other ways, including but not limited to serving as an instructor for a finance class focused on using the latest technology as a research and forensics tool.

Allen states that Wisdom Tree works hand-in-hand with its customers, providing innovative solutions to difficult problems. Within the past few years, Wisdom Tree Technologies has obtained contracts with the U.S. Army Recruiting Command at Fort Knox, the Kentucky Army National Guard, the U.S. Air Force at the Keesler Air Force Base in Biloxi, Mississippi, the National Guard Bureau, Special Operations Command, Central Command, Bechtel Jacobs, Northrop Grumman and more.

Allen stated, “We are honored to be selected to participate. Our business will benefit in the form of rendering increased job opportunities for the veteran and minority demographics represented in our company.”

“We are so excited to hear that Wisdom Tree Technologies, its owner and founder Mr. Scott R. Allen and the staff at Wisdom Tree are being recognized for their success,” said Chris Wooldridge, Murray State University SBDC District Director for the Kentucky Small Business Development Center network.. “Wisdom Tree is an excellent example of a small business success reaching more than just profitability. It is a contributor to the local community, the region and the commonwealth, and we are proud of their hard work and success.

According to its website, the Goldman Sachs 10,000 Small Businesses “is a program for small businesses that links learning to action,” allowing participants to gain skills in negotiation, marketing, leadership and management that can be implemented immediately. The program also provides tools, access to capital and business support for the program alumni, allowing them to develop strategic plans that focus on growth and increased profit.

To date, 10,000 Small Businesses has “served over 8,000 small business owners across all 50 states, and has resulted in immediate and sustained business growth for the alumni of the program.” The website also states that program graduates “consistently grow their revenues and create jobs at rates that outperform the broader economy” and has an impressive and diverse list of business graduates in all sectors of the economy.

For more information about the Goldman Sachs 10,000 Small Businesses program, please visit goldmansachs.com/citizenship/10000-small-businesses/US.

About Murray State University: Murray State University provides an “Opportunity Afforded” for more than 10,000 students through a high-quality education with experiential learning, academic and personal growth and the ability to secure a lifetime of success. Since 1922, the true value of higher education has been found at Murray State University, where our commitment is to afford endless opportunities for developing leaders in the community, the country and the world. The University’s main campus is located in Murray, Ky. and includes five regional campuses. For more information on Murray State University, please visit murraystate.edu.

About Wisdom Tree Technologies LLC: Wisdom Tree Technologies LLC is an award-winning, Native American owned, SBA 8(a) certified and Service Disabled Veteran-Owned Small Business (SDVOSB) located in a HUBZone. Privately held, the company was formed in 2007 and is headquartered in Murray. Wisdom Tree serves the defense, law enforcement, national security, inter-agency, corporate, telecommunication and social complexity communities. Wisdom Tree possesses unmatched experience in intelligence, surveillance and reconnaissance, IT, professional services, recruiting, counter-threat finance, supply chain logistics and illicit network identification and mitigation. For more information about Wisdom Tree Technologies, call 270-761-8733 or visit wttnae.com.

About The Murray State University Small Business Development Center: The Murray State University SBDC is part of the Kentucky Small Business Development Center network of 12 offices located throughout the commonwealth that help existing and start-up businesses succeed by offering high quality, in-depth, and hands-on services. These services include: no-cost confidential business consultations, affordable business workshops, seminars, and research to make informed business decisions. For more information on the Murray State University Small Business Development, or the Kentucky Small Business Development Center, please contact Chris Wooldridge at 270-809-2856.

About The Kentucky Innovation Network – Murray Office: The Office of Entrepreneurship within the Cabinet for Economic Development oversees the twelve offices of the Kentucky Innovation Network and other services, programs and initiatives to encourage small business growth, create and promote a strong culture of entrepreneurship statewide. Since 2001, the Kentucky Innovation Network has created a network of business leaders and mentors that encourage relationships, grow companies new and existing and create jobs. The Network is managed in partnership with the Kentucky Cabinet for Economic Development and Kentucky Science and Technology Corporation, along with local partners, including Murray State University. Experienced and educated business leaders staff each office.