SCCF has partnered with the Startup Experience and the Virginia Department of Housing and Community Development to launch a brand new Youth Entrepreneurship Program. The first 2-day workshop, hosting 200 students, will be held at the BRCC Plecker Center on October 4-5, 2018. We need community partners to make this program a success. Would you consider becoming a sponsor? Click here to learn more.
Data shows that about 50% of high school graduates continue on to college, and that only 25% of those that do, actually obtain college degrees. Without any goals or sense of what is required to achieve such goals, many young people end up jobless or in low-wage jobs with little advancement opportunities.
According to the Census Bureau’s Current Population Survey data, unemployment rates for youth are much higher than rates for other age groups. 14-20% of youth aged 15-19 are currently unemployed. Low-income youth as well as Black and Hispanic youth also tend to have much higher unemployment rates.
There has never been a time in history where there were more demands for young peoples’ time: social media use topping 17 or 18 hours a day is just the beginning of the train of distractions that vies for students’ attention. Schools face a dichotomy between resource shortages and increased pressure to help kids be good at everything, from reading to math to financial literacy to the arts. So, it would be easy to dismiss youth entrepreneurship as one more burden on an overtaxed population. But, we present below five reasons why communities in the CSVR should embrace youth entrepreneurship. Are you thinking lemonade stand? Stop.
- Entrepreneurship teaches valuable skills
- Youth entrepreneurship is a safe place to experiment
- Entrepreneurship is a career path
- Their business might succeed
- Entrepreneurship is inspiring
The challenge now is to provide young people with the support and the environment they need to turn their ambitions into reality.
What can be done? According to the survey, what young people most want is hands-on work experience and mentoring from entrepreneurs. As such, today’s entrepreneurs and business leaders have a clear role to play in nurturing the next generation of wealth and job creators.
Want to learn more about the program? Click here
Henrik Scheel, the founder and CEO of the Startup Experience, will be facilitating the first 2-day workshop in October. Check out more about the Startup Experience in the video below!