05/07/2002
The NFIB Education Foundation today announced the formation of a scholarship program-- NFIB Free Enterprise Scholars--for high school seniors who have demonstrated entrepreneurial spirit and initiative. The program is the first of many which the Foundation will implement to encourage young people to consider a career in small business and pursue their own entrepreneurial endeavors.
"Many students have a dream of owning and operating their own business. We want to reward that entrepreneurial spirit and encourage them to believe in their dreams and themselves," said Susan Ridge, Executive Director of the NFIB Education Foundation.
"Small business is the foundation of a strong and viable economy, and education plays a significant role in developing successful men and women. Our members recognize the need to support those men and women who have the potential to become the next generation of small business owners. Therefore, we're proud to be able to support this level of commitment," Ridge continued.
To be nominated for a Free Enterprise Scholars award, an applicant must be nominated by an NFIB member and meet the following criteria:
- Eligibility is limited to those entering their freshman year of an accredited two- or four-year university/college, community college or vocational/technical institute.
- Applicants must meet or exceed academic standards, using standardized test scores (ACT/SAT), class rank and GPA as indicators.
- Applicants will be asked to describe their involvement in extracurricular activities and/or community activities as well as any special recognition or honors.
- Applicants will be asked to answer two short, personal questions defining their entrepreneurial efforts and compose an essay of 500 words or less about the importance of free enterprise.
The Free Enterprise Scholars Program will award a minimum of 100 non-renewable scholarships, each for $1,000. Applications for the first awards will be available in late Fall, 2002.
CONTACT: Michelle Dimarob, (202) 554-9000
