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UD students foster kids’ entrepreneurial spirit
2:07 p.m., Feb. 26, 2007--Students in UD's Alfred Lerner College of Business and Economics will be helping young people at the Boys and Girls Club of Greater Newark learn what it takes to run a small restaurant successfully and in doing so, grapple with financial realities. UD students will be teaching a course called MoneyMatters, a financial literacy course program developed by the Boys and Girls Clubs of America and Charles Schwab. Participation in the program is a prerequisite to managing Delaware's first Positive Place Café, located in the lobby of the Boys and Girls Club of Greater Newark. The café had its grand opening at the Newark facility Wednesday, Feb. 21, offering an extensive array of foods, including healthy snack and dinner options, to the more than 450 members who visit the club each day. Funded by a $30,000 Community Partnership Initiative Grant from Rohm and Haas Electronic Materials in Newark, the goal of the café is to enable young people to learn finance and management skills while raising funds for their Boys and Girls Club teams and clubs. “We are very excited and proud to support the Positive Place Café,” Richard Williams, public affairs manager for Rohm and Haas, said. “Through our annual Community Partnership Initiative grants, we are dedicated to supporting educational opportunities and youth development programs in Newark.” “The Positive Place Café will teach our young people responsibility, financial literacy, the value of honesty and hard work and other life skills needed to succeed,” Stuart Sherman, executive director of the Boys and Girls Club of Greater Newark, said. “At the same time, it will also give them a fun and interesting way to raise money for their teams and clubs.” James B. O'Neill, director of UD's Center for Economic Education and Entrepreneurship (CEEE), is on the club's board of directors. He accompanied the club's young people when they made their grant presentation to Rohm and Haas's Community Advisory Committee. O'Neill was so impressed with the MoneyMatters course that he asked UD students taking his Economics-Entrepreneurship of Business class and those in the Blue Hen Investment Club if they would consider teaching the course. He said 10 volunteered. O'Neill said he is hoping the young people who took the course will also consider participating in the Stock Market Game in Delaware, an educational simulation that introduces students to Wall Street by allowing them to invest a hypothetical $100,000 in a portfolio of common stocks listed on the New York and American stock exchanges and the NASDAQ stock market and watch their money grow or diminish in competition with every other team in the state. The game is offered by CEEE. Photo by Kathy Atkinson |
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