The program has evolved since its inception, but after 26 years and 2000 students, the mission remains the same. In 1973, Wabash professors Ben Rogge 'H53, David Hadley, and Bill Bonifield envisioned a summer program similar to Indiana Boys' and Girls' State that would introduce high school students to the world of business. After joining forces with Indianapolis businessman Alex Carroll, and alums Jack Engledow '53 and Bob Hall '69, OLAB was born on the Wabash College campus.
Many people are surprised to find that the participants pay nothing to attend.
All expenses are covered through sponsorships from Indiana businesses and foundations. It is a business simulation supported by a sophisticated computer program originally developed by Professor of Economics Steve Schmutte '66. Teams of four or five students compose a firm interacting in the electronic organizer market. The computer model then calculates operating revenues. Obstacles are also thrown in their way that affect their company's bottom line.