(Indianapolis), April 16, 2014 — The National Federation of Independent Business Young Entrepreneur Foundation today announced the Indiana recipient of the 12th annual NFIB Young Entrepreneur Awards, a scholarship program designed to reward and encourage entrepreneurial talents among high school students. More than 600 students nationwide applied for a YEF scholarship this year and NFIB is proud to award one scholarship to a young entrepreneur in Indiana.
The 2014 YEF Award winner from Indiana is:
· Benjamin Ratts, winner of the NFIB/Stella Eckerly Young Entrepreneur Award and a senior at Salem High School. Benjamin started and operates Custom Hay Baling. He plans to attend Vincennes University.
“Small business is the backbone of Indiana’s economy and there’s no better way for young people to improve their futures and help their communities than to start a business that creates jobs and opportunities for others,” said NFIB State Director Barbara Quandt.
In 2014, the NFIB Young Entrepreneur Foundation awarded 100 Young Entrepreneur Award Scholarships to students across the country. Each award is between $1,000 and $15,000. Student who received the Young Entrepreneur Award are seniors in high school who own and/or operate their own small business. The scholarships are used to help with tuition costs for the winners’ post-secondary education. NFIB’s Young Entrepreneur Foundation awarded $145,000 to deserving young entrepreneurs in 2014, thanks to the financial support from numerous small business leaders, corporate and foundation supporters. A complete list of donors is available here.
“America’s young people have caught the entrepreneurial bug, and we at the NFIB Young Entrepreneur Foundation could not be more confident in our next generation of business owners,” said Molly Young, Senior Manager of the Young Entrepreneur Foundation. “The number of applicants for the NFIB Young Entrepreneur Awards continues to grow and we are impressed year after year with the quality of these hard-working, innovative high school students who are making their entrepreneurial dreams happen. Our scholarship winners are driven to succeed; our nation’s future is all the brighter because of their determination and leadership. NFIB congratulates this year’s winners for their tremendous accomplishments and hopes the scholarships will assist these young entrepreneurs as they continue on their paths towards successful futures.”
In addition to recognizing these outstanding young entrepreneurs, the Young Entrepreneur Foundation will honor five students selected as Young Entrepreneur of the Year Award finalists with an awards ceremony in Washington, D.C. on July 16th. During the event, the winners of the “2014 NFIB Young Entrepreneur of the Year” and “2014 NFIB Dan Danner Leadership Award” will be named and each awarded a $15,000 scholarship. The remaining three finalists will each receive a $5000.00 scholarship. A full list of this year’s winners is available here.
To qualify for an NFIB Young Entrepreneur Award, students must be seniors in high school who own and/or operate their own small business. They are required to write an essay describing their entrepreneurial endeavors and future goals. NFIB members around the country interview the applicants for the Young Entrepreneur Awards.