Youth Entrepreneurship & Savings programs

EBS Initiative: Business Resource directory for Northern NM

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Wednesday, March 10, 2010

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Youth section Links

Want to find out more about Youth Entrepreneurship?
Explore our youth entrepreneurship section:

For Youth: get introduced to what we do and youth programs available throughout NNM.
K-12 Entrepreneurship: Need resources for K-12 Entrepreneurship? Visit our page & find information & links to help you.
Adults helping Youth Entrepreneurship: Want to know more about how adults can help Youth Entrepreneurs? This page provides links to useful sites.
Youth Entrepreneurship and Savings Programs Read about the Savings for Education, Entrepreneurship and Downpayment (SEED) Initiative, a youth financial literacy program led by the Corporation for Enterprise Development (CFED).
Business plan Competition: Read all about the Annual Business Plan Competion for Youth.
Useful Links: Looking for local or National resources for Youth Enrepreneurship? This page gives you the links and information you need.

Linking Youth Entrepreneurship and Savings Programs

A number of regions have developed innovative entrepreneurship programs. These efforts provide some type of training, and perhaps some funds via a business plan competition. But, what if kids could be assisted in saving money, which could then be used to build a new venture? This concept is driving a new effort, the Savings for Education, Entrepreneurship and Downpayment (SEED) Initiative, a youth financial literacy program led by the Corporation for Enterprise Development (CFED).

A new CFED White Paper reports on this program and offers recommendations for more closely linking financial literacy and youth entrepreneurship programs. The paper notes that both types of programs help build a better sense of self-determination and positive attitudes among youth. Not surprisingly, they also make it easier for youth to start a new company should they choose to pursue this path. The study reports on preliminary pilot projects in Oklahoma and Pennsylvania, and also offers suggestions for effectively integrating these programs in other communities.

The July 2006 Corporation for Enterprise Development White Paper, “Linking Youth Savings and Entrepreneurship,” by Kim Pate, can be accessed at:
http://www.cfed.org/publications/documents/Linking_Youth_Savings_Entrepreneurship_final.pdf

Get Involved

Please contact Ron, Marcia or Paul to find out how you can learn more about participating in Youth Entrepreneurship projects in your community.

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Youth Spotlight

April, 2008: At the 3rd annual 2020 Youth Entrepreneur Conference at in Espanola at NNMC, over 80 high school students from Española and Pojoaque attended workshops centered around youth voice, sustainability and community-building.

The conference is sponsored by the EBS/ENLACE Youth Entrepreneur Project and Northern NM GEAR UP. Pictured are Youth Media Project facilitators Brenda Granados and Ronald Chavez, both of Capital High School, leading a workshop about interviewing skills and radio programming.