Harold P. Welsch, the Coleman Foundation Chair in Entrepreneurship, received an honorary doctorate degree from the Estonian American University in Tallin, Estonia for his work in helping privatize the economy. He assisted to create the Estonia Small Business Association, researched problems of Estonian entrepreneurs and developed an entrepreneurship curriculum at the school. Harold gave the commencement key note address on June 21, 2007 in the guild hall auditorium, established in 1947 A.D. In addition, Fr. Dennis Holtschneider signed a cooperative agreement between the two institutions, advocating fruitful interchange and collaborating on mutually beneficial projects.