As described in the Transition Strategy Paper, the Industry Studies Program as it has been structured in the past will be brought to a close in 2010. In December 2008 the Trustees approved the first element of that plan: providing final financial support for the Industry Studies Annual Conferences. This proposal implements the second key element of the plan: to provide tie-off funding for the secretariat at the University of Pittsburgh, in order to develop the Industry Studies Association (ISA) into a self-sustaining, independent organization. We have been moving along this path over the past two years. In October 2007 a legal entity-the Industry Studies Association-was incorporated in the State of Pennsylvania, and officers and members of its Board of Directors were chosen. Over the next few months Professor Frank Giarratani, coordinator of the industry studies secretariat at the University of Pittsburgh since 2003 and now the President of the ISA, will work with the ISA Board to map out a transition that will allow the ISA to become a self-sustaining, independent organization by December 2010 with its activities financed entirely by member dues, conference revenues, grants and gifts. The goal of this grant is to give those in this scholarly community a chance to show whether there is enough interest to support such an association.