W.Va. Students to Participate in Effort to Educate Next Generation of Entrepreneurs and Innovators
Posted: February 24, 2009
CHARLESTON, W.Va. – Students from across West Virginia will learn business basics on Friday by selling lemonade at the Capitol as part of National Entrepreneur Week.
The Lemonade Stand Project, launched in 2007 by the Department of Education and Advantage Valley, allows students to learn the basics of entrepreneurship. The 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.
“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,” state Superintendent Steve Paine said. “This is just one more way we are helping West Virginia kids to compete in a fiercely competitive global world.”
Participating schools will be able to keep any profit made from selling lemonade to legislators, state workers and visitors to the Capitol on Friday.
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.
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.