W.Va. Department of Education Program to be Featured During National Entrepreneurship Week

Posted: February 28, 2008

CHARLESTON, W.Va. - West Virginia’s Lemonade Stand Project has captured national attention, prompting Cisco Systems to feature West Virginia during a live Internet broadcast Friday during the National Entrepreneurship Week Summit. The event begins at the Capitol in Charleston at 10:30 a.m. West Virginia Superintendent of Schools Steve Paine will speak at 11 a.m. Other speakers will continue throughout the day.

 

West Virginia’s Lemonade Stand Project, which began last year, allows elementary students to learn the basics of entrepreneurship by selling lemonade during Entrepreneurial Day at the Capitol. The project is sponsored by the West Virginia Department of Education, along with Vision Shared and Advantage Valley, in an effort to inspire, educate and encourage young people to consider entrepreneurship as a career.

 

“Educating our young people about entrepreneurship and reinforcing the value that innovation brings to our economy is critical to America’s prosperity in the global society of the 21st century,” Paine said. “This is just one more way we are helping West Virginia kids to compete in a fiercely competitive global world.”

 

The Lemonade Stand Project incorporates math, reading, composition, social studies and higher level thinking skills as students determine costs using various recipes and set the selling price. Students also developed a marketing plan, named their business, purchased lemonade ingredients, assigned tasks and wrote a final report detailing what they learned.

 

Participating schools from five counties will be able to keep any profit made from selling lemonade to legislators, state workers and visitors to the Capitol on Friday. Students from Crichton Elementary in Greenbrier County;  Barrackville Elementary in Marion County; Kellogg Elementary in Wayne County; Bridge Elementary in Kanawha County; and Summersville Elementary in Nicholas County will participate in the event.

 

The Department of Education is a member of the Advantage Valley Entrepreneurship Development System Collaborative, a group of agencies in the greater Charleston-Huntington area working to promote and encourage entrepreneurship and business ownership as an economic development strategy.

 

The collaborative is joining others across the nation in celebrating the 2nd Annual Entrepreneurship Week USA Feb. 22 through March 1. California, Nebraska, New York and Washington, D.C., also were featured on webcasts during the week-long celebration.

 

For more information, contact Susan Rice, entrepreneurship coordinator for the West Virginia Department of Education, at (304) 558-3119 or the Communications Office at (304) 558-2699.

 

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