25 and 26, 2019, Jim Renacci ’80 served as Executive-in-Residence
for the IUP Eberly College of Business and Information Technology.
visit, he spoke with several hundred students in seven business classes, made a
presentation to the Student Accounting Association and met with faculty, administration,
and staff. At the end of his visit, Renacci met with players and coaches of the IUP men’s basketball team.
Along with a BS in business administration from IUP and 30 years of business experience, Renacci is a former member of the United States Congress who served on the Ways
and Means Committee and Budget Committee. During his tenure in Washington he
was the author of several common-sense pieces of legislation and was one of
the architects of the 2017 Tax Cuts and Jobs bill. He is an entrepreneur,
business owner, and job creator.
A proven leader respected throughout Ohio, Renacci has built a positive reputation in the business community over a
30-year career. An acclaimed specialist in health care management, mergers and
acquisitions, financing, and banking, he has owned and operated more than 60
entities, created more than 1,500 jobs, and employed more than 3,000 people. His
business experience includes manufacturing, health care services, construction,
entertainment, and CPA consulting services.
two-day period, Renacci shared his experience throughout his business
career and provided guidance to students in a range of business areas such as
management, entrepreneurship, auditing, business policy, and taxes. In addition
to sharing his experiences in business and politics, Renacci stressed to
all students three key principles, including:
Pascarella appreciated Renacci’s visit. “Mr. Renacci spoke to my
Principles of Management class about how his time working in a company that was
in need of his expertise sparked his entrepreneurial spirit. He realized that
the issues his company had were common across the industry, and he worked to
capitalize on this in the market. Renacci called it ‘finding his niche’ and encouraged anyone with dreams
of starting their own businesses to also find something that the world needs
and run with it,” said Pascarella.
Brandon Aguirre added, “Mr. Renacci’s story was really fascinating. I
appreciated learning about his career path, including moving from IUP to Grant
Thornton, taking risks, seizing opportunities, and making decisions related to
changing directions. While there were times in his career where things did not
go as he hoped or planned, it was interesting to learn how he dealt with
challenges and took advantage of opportunities.”
dean of the college, commented on the value of the Executive-in-Residence
program. “A major strength of the Eberly
College is the involvement of its alumni. In a given semester up to a dozen
alumni return to campus as guests speakers and Executive or Entrepreneurs-in-Residence.
In addition to sharing valuable insights, they function as role models for our
students. They are invited based on their career success and good citizenship.
Jim Renacci embodies these characteristics, and his advice to our students was