Youth Entrepreneur Summer Program
Newark CEDC, along with the City of Newark have partnered with the Junior Achievement to present a Summer Youth Entrepreneur Program for Newark residents in high schools in the age range of 13 – 17. JA Be Entrepreneurial is a high school program developed with a primary emphasis on entrepreneurship, financial literacy and work readiness, while providing a strong secondary emphasis on mathematics, reading and writing skills. Students learn fundamental business and economic concepts, explore career interests and opportunities, and develop work-readiness skills. With this partnership, JA is looking to move this program into the school year with a more robust curriculum.
Newark’s Youth Entrepreneurship Program
The JA, Be Entrepreneurial program will have volunteer-led instructors that will have participated in the formalized training from Junior Achievement. The Youth Entrepreneurship program consists of six (6) sessions which challenge students to start an entrepreneurial venture while still in high school. The sessions, which last from 45 minutes to 1-hour, consist of Introduction to Entrepreneurship, What’s My Business, Who’s My Customer, What’s My Advantage, Competitive Advantages, and Ethics Are Good For Business. Following participation in the program, students will be able to:
- Recognize characteristics and practices of successful entrepreneurs,
- Evaluate an entrepreneurial idea based on product, customer, and competitive-advantage criteria.
- Demonstrate business-planning skills for venture startup, marketing, financing, management, and ethical decision-making.
Exact Date TBD August, 2018: Completed training for volunteers.
Exact Date TBD August, 2018: Program launch, marketing, press release, etc.
Target number of student entrepreneurs (25-50)
Exact Date TBD August, 2018: Sessions twice a week for 3 weeks. Completing 6 sessions.
Upon completion of the program, students will have a graduation ceremony and a “shark” tank competition for business startup funds for the top two business owners. Newark CEDC will provide “Youth Day” in the Newark Shoppes, A Community Storefront Program on a weekly basis to allow the student entrepreneurs to apply their entrepreneurial spirit in real life situations. This will also come along with business mentors that will follow them throughout the process and continue an on-going relationship throughout. This program will be marketed out on the City of Newark and Newark CEDC’s social media pages, Facebook, IG, website targeting Barringer, University, Science Park, East Side, Shabazz, and West Side high schools. We will also tap into our key partners/school organizations to promote to program to the youth.
Junior Achievement is the world’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan their futures, and make smart academic and economic choices.