Minnesota-Bred SCORE Marks 50th Year

May 07--The Minnesota chapters of SCORE celebrated the business mentoring organization's 50th birthday Tuesday at the Small Business Administration's annual awards luncheon.

The organization, which chartered its first chapter in Minneapolis in 1964, received awards from the SBA and from Secretary of State Mark Ritchie.

"This is a place where people reach out and help each other," Ritchie said of Minnesota. "SCORE is about making all of us stronger by helping make individual businesses stronger."

Founded with help from the SBA, SCORE -- which originally stood for Service Corps of Retired Executives -- was established to provide free assistance to beginning business owners through a network of retired businesspeople who volunteered their time.

Since its inception in Minneapolis, the organization has grown to include 340 chapters across the United States. Its 12,000 members have mentored an estimated 10 million small businesses.

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