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BOSTON The Nieman Foundation for Journalism at Harvard University has received a grant from the Donald W. Reynolds Foundation to establish a new fellowship for business reporters.

The grant of more than $900,000 from the Las Vegas-based foundation will cover the cost of annual fellowships for one business journalist and one community journalist for five years beginning next fall. The Reynolds foundation first established the community journalism fellowship at Harvard in 2005.

Nieman Foundation curator Bob Giles says the grant is particularly important at a time when economic and business news is dominating the headlines and becoming more complex.

Journalists will be able to study topics from management and investment theories to international politics at any of Harvard's schools during the yearlong fellowship.