The Gaynors Inspire in Entrepreneurship Lab
Larry (BA Accounting ’77) and Teresa Gaynor’s gift to the Pavilion taps their personal experiences in entrepreneurship to inspire the next generation of innovators. The Gaynors have seen the family’s business evolve over time and taken it to a global level, and want students to have the entrepreneurial skills to thrive – those skills will cultivate in the Gaynor Entrepreneurship Lab, the result of the couple’s $2 million gift.
“Entrepreneurship is the backbone of each and every business and Broad students need to hone the fundamental skills they’ll use during their time on campus and later in their careers. The business advice I give to everyone is to find one idea you’re passionate about and pursue it all costs. This lab will be the place where Spartans take their first step toward achieving their greatest ideas, so it’s critical for students to have access to world-class resources,” Larry said.
The Gaynor Entrepreneurship Lab will feature the latest technology to give the space a modernized feel, and will enhance the experiences of Broad’s entrepreneurial students.
A Michigan native, Gaynor first became involved with the beauty industry by bringing hair care products into the Detroit hardware store he worked in as a teenager. His success spawned Gaynors in 1981, a discount health and beauty store in Farmington Hills, which later housed the professional manicuring supplies company Nailco. Over the years, Nailco transformed to TNG Worldwide and it grew from a manicure distributor to a leading full-service beauty distributor and manufacturer. Today, TNG manufactures industry-leading brands, with customers including salons, spas, retailers and distributors. Larry is president and CEO and Teresa is company vice president.
More from the #BuildBroad Blog
Lear’s $1.5 Million Gift Rallies Employees
With the dedication of alumni working at its headquarters, Lear Corp. inspired its employees to be a part of the Pavilion - and matched their contributions. Lear has a rich history of generosity at the Broad College, and its latest gift reinforces their commitment to business-minded Spartans.
If Broad’s Walls Could Talk, They’d Ask for a Change
Academic needs have changed drastically in the five decades since the Broad College's current facilities were built. Lectures represent just a small part of the Broad experience, and sitting silently in a classroom means you’re not moving forward. Group projects and collaboration spaces, sophisticated technology and digital classrooms are what today’s students require, and what college leadership recognizes is needed to prepare business leaders of tomorrow. Broad made a commitment to the student experience: make a change.