Hopeworks 'N Camden
    Hopeworks 'N Camden Hopeworks 'N Camden
Hopeworks 'N Camden Hopeworks 'N Camden Hopeworks 'N Camden Hopeworks 'N Camden Hopeworks 'N Camden Hopeworks 'N Camden

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.
Hopeworks 'N Camden



Hopeworks 'N Camden
Hopeworks 'N Camden Hopeworks 'N Camden Hopeworks 'N Camden
Hopeworks 'N Camden  543 State St.  Camden, NJ 08102   Phone: 856-365-HOPE   Fax: 856-365-8734
Contact us