The Associated Press
Report: State College A Good Place To Find Future Millionaires

Is this college town a playground for the future rich and famous? Editors at American Demographics magazine say it just might be.

Tony Warren, director of the Center for Corporate Innovation and Entrepreneurship at Penn State University's Smeal College of Business, said the low cost of living, high quality of life and intellectual environment could attract people to State College, but that the area still lacks the necessary capital to enable a lot of people to get rich.

"I joke that there aren't enough red Ferraris parked around here yet," Warren said.

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REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu .

Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the eBusiness Research Center, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.

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