Scholarship endowment honors Nevada research professor

The Morris S. Smith Foundation has established a scholarship endowment in honor of Frederick A. Steinmann '02 (economics), '04 M.S. (economics), a research assistant professor and a member of the University Center for Economic Development, to benefit students in the College of Business who need financial assistance to pursue their education.

Steinmann is both a product of the College of Business and a part of the team of faculty members working to make it a useful and centralized resource for the state. His interest in practical, effective governance was sparked after he earned his master's degree and started working at the City of Reno Redevelopment Agency, where he found that he had an affinity for the nuts and bolts of local government administration and economic development.

"I loved getting my hands dirty and seeing the economic principles I'd been learning in an applied setting," he says.

Armed with this love of applied economics, Steinmann pursued his doctoral degree in policy, planning and development from the University of Southern California in 2010 and successfully defended his dissertation, "The Twilight of the Local Redevelopment Era: The Past, Present, and Future of Urban Revitalization and Urban Economic Development in Nevada and California." He then returned to Nevada and made his way to the University Center for Economic Development. There, he helped to found the Nevada Leadership Program, which trains elected officials and participating groups in the administration of government in Nevada.

"I felt that there was a need in Nevada for ongoing assessment and training for government workers to make our state and local governments run effectively and efficiently," Steinmann says. "In school, you learn principles of business and economics, but it's difficult to translate those into the real world. The Nevada Leadership Program and the specific trainings the UCED offers are designed to use the University's resources to teach the nuts and bolts. We know that individuals in leadership positions understand the principles, but how do theyactually go about putting those principles into practice?"

In addition to running training programs and developing reference resources for government officials, Steinmann brings his economic development and management expertise to the classroom through both foundational business courses, like Principles of Statistics, and more nuanced courses like Changing Environments, which explores ethical management in the shifting cultural, economic and technological landscape of modern business, and Strategic Management and Policy, which focuses on strategic planning.

The scholarship endowment in Steinmann's honor was established by the Morris S. Smith Foundation, whose trustee, Sterling Franklin, became friends with Steinmann and recognized the importance of his work during his time at USC. Franklin's goal in creating the scholarship is to give students in the College of Business the chance to develop into strong and effective leaders, a cause Steinmann champions. ■