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Hopeworks News: November 2002
Team Up for Youth Entrepreneurship
Camden, New Jersey is one of America?s most economically depressed cities.
According to the U.S. Housing and Urban Development Office, Camden is the
second poorest city in the United States. The City endures numerous economic
and social problems: high unemployment, high school dropout, high welfare, and
high crime rates. These conditions severely affect Camden youth. In fact, sixty seven
percent of youth are unemployed according to the Camden County Labor
Market profile. With the goal of exposing Camden youth to the possibilities of
entrepreneurship, EDTEC, Inc. proposed a unique collaborative effort to the City?s
Empowerment Zone.
In response, four organizations?EDTEC, the Juvenile Resource Center (JRC),
Hopeworks ?N Camden (Hopeworks), and Rutgers University?s Center for Management
and Entrepreneurship (CME)?formed the Camden Youth Entrepreneurship
Consortium (CYEC). The key program elements included
- teacher training
- entrepreneurship classes for youth
- web-based youth business planning
- a micro-loan fund to cover youth business start-up costs, and evaluation of services.
EDTEC offered a two and one-half day train-the-trainer institute.
 Young entrepreneurs-to-be review the New Youth Entrepreneurship curriculum |
All youth workers in Camden were invited to participate. Training participants received
a set of the New Youth Entrepreneur curriculum and a companion trainer?s manual to
use in incorporating entrepreneurship elements within their youth programs. Using the
knowledge and skills gained through the training, the JRC, a private not-for-profit alternative
high school, and Hopeworks, a faith-based not-for-profit IT training organization,
introduced an entrepreneurship component into their basic course work. The JRC developed
and offered an entrepreneurship course both as an elective during the school
year and as a summer program. Hopeworks strongly supported youth entrepreneurial
adventures as a ?create a job? scenario by offering an entrepreneurship course.
Students who participated in the entrepreneurship programs at JRC and Hopeworks
completed a business plan, and then implemented that plan as a sole proprietor or
partnership with other students. Youth also had the option of applying for a micro-loan
to cover start up costs, set up as part of the Consortium?s program. Funds totaling
$15,000 from the Camden Empowerment Zone were set aside for loan purposes.
EDTEC convened the loan committee with members from each of the participating
organizations in the Consortium. Students submitted a loan application to the Consortium
whose members then approved or denied the loan request.
Students, Matthew Colay and Matthew Gilbert, from the JRC borrowed money from the
micro-loan fund to start a school-based store selling school supplies, candy, and novelty
items. The store opened in March 2002, and the two business owners reported
profits within the first week. They expect to repay their business loan by October 2002.
After completing the New Youth Entrepreneur curriculum, Marcus Williams from
Hopeworks used micro-loan money to created Web Masters with his friend Rolando
Pomales. Williams and Pomales were hired by the non-profit agency Urban Promise
of Camden to provide computer training to its customers. They used the loan to rent
the Hopeworks office where they trained approximately a dozen Urban Promise participants
for six Saturdays. Williams and Pomales paid off their loan, and realized a profit
in their first week of operation.
 Visit www.camdenyouth.net to complete an interactive business plan, and view youth entrepreneurship materials. |
The Consortium project is a proven success not just anecdotally, but by measured
knowledge and skills gains. Rutgers CME undertook a comprehensive evaluation of
the project measuring both quantitative and qualitative results. Based on pre- and
post-test results, adult participants in the Entrepreneurship Training Institutes experienced
knowledge gains of 42 percent. Pre and post-tests revealed that increases
the knowledge about entrepreneurship for students enrolled in the JRC were an equally
impressive 44 percent, while among Hopeworks students, post-test scores increased
an astounding 93 percent from pre-test scores.
To support the budding entrepreneurship programs at JRC, Hopeworks, and other
Camden organizations, EDTEC created the Camden Youth Web site. Located at
www.camdenyouth.net the site contains information on starting a youth program,
selecting a curriculum, teacher tips and techniques, and government, foundation and
private resources to support entrepreneurship. EDTEC also created an on-line business
plan tool to encourage business plan development. Accessed through the web site,
youth can complete and update their business plan on line by answering a series of
questions about their business idea. The program is password protected, so only the
author can access his or her plan.
The Camden Youth Entrepreneur Consortium represents a new way of approaching
education in Camden. Uniting the resources of non-profit, for-profit and universities
within Camden resulted in students gaining access to educational experiences that
would have been beyond the individual program?s reach. The Consortium?s program
filled an educational void, resulted in the introduction of new technologies, and helped
students plan and start businesses that resulted in profit and more importantly, life
experience.
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