The National Federation of Independent Business Young Entrepreneur Foundation today announced the Minnesota recipients of the 10th annual NFIB Young Entrepreneur Awards, a scholarship program designed to reward and encourage entrepreneurial talents among high school students.
senior Alexander Wohl has won a $1,000 young entrepreneur award.
The NFIB Young Entrepreneur Award recipients will attend the university, college, community college or vocational/technical institute of their choice with $1,000 to $10,000 in tuition assistance from the NFIB Young Entrepreneur Foundation.
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The program was established to raise awareness among the nation's youth about the critical role that private enterprise and entrepreneurship play in the building of America.
To qualify for a YEF Award, students must be running their own business. They were required to write an essay describing their entrepreneurial endeavors and future goals. Standardized test scores, GPA, and class rank were also considered in the selection process. NFIB members around the country nominated applicants for the Young Entrepreneur Awards. An independent, outside committee selects a group of qualified semi-finalists.
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Since 2003, the NFIB Young Entrepreneur Foundation has awarded 2,300 scholarships to graduating high school seniors totaling more than $2.5 million.
More than 500 students nationwide applied for a YEF scholarship this year. And today NFIB is proud to award 131 scholarships to young entrepreneurs across the country, thanks to the financial support from numerous small-business leaders, corporate and foundation supporters, such as workers’ compensation insurer EMPLOYERS.
In May, NFIB YEF will honor the four students selected as $5,000 scholarships winners and name the “2012 Young Entrepreneur of the Year” who will be awarded a $10,000 scholarship.
Other 2012 YEF Award winners from Minnesota are:
NFIB/Tim & Debbie Clayton Young Entrepreneurship Award ($1,000)
- Wayzata High senior Vegalia Jean-Pierre of Plymouth
NFIB Young Entrepreneur Award ($1,000)
- Kittson Central Secondary senior Alex Hunt of Hallock
- Kenyon-Wanamingo Senior High senior Mitchell Donkers of Fairbault
- Minnetonka Senior High senior Sarah Mirman of Minnetonka
