Bank of America Partners with Boys & Girls Clubs to Empower Youth through Entrepreneurship

The Boys & Girls Clubs of Portland Metro Area, in collaboration with Bank of America, is launching the 3rd Annual Lemonade Day Portland, an initiative that aims to empower youth through entrepreneurship. This program teaches young people how to start, own, and operate their own small business, a lemonade stand, and equips them with critical life and workforce skills. The youth entrepreneurs will have the opportunity to keep the money they earn from their lemonade sales and compete for $10,000 in cash prizes.

Key Takeaways:

• The 3rd Annual Lemonade Day Portland will engage more youth than ever, with all 4th and 5th graders across 5 club locations participating, thanks to Bank of America's partnership.
• The program teaches young people how to start, own, and operate their own small business, a lemonade stand, and equips them with critical life and workforce skills, including goal setting, budgeting, marketing, problem-solving, and customer service.
• Bank of America's sponsorship will directly support youth across the Portland metro area, with all lemonade stand sales being matched dollar-for-dollar.
• The program helps youth prepare for life and the world of work through a unique entrepreneurial and experiential program.
• Terry Johnson, CEO of Boys & Girls Clubs of Portland Metropolitan Area, stated that the partnership will give all participants the opportunity to learn financial literacy, develop confidence, and take real steps toward a successful future.
• Roger Hinshaw, Portland Market President at Bank of America, stated that the program provides students with the tools to succeed--both now and in the future--and helps create a stronger, more inclusive economy for all.

Statistics:

• 4th and 5th graders across 5 club locations will participate in the 3rd Annual Lemonade Day Portland.
• It is expected that more youth will be engaged than in previous years due to Bank of America's partnership.
• $10,000 in cash prizes will be awarded to the youth entrepreneurs who compete in the program.
• Lemonade stand sales will be matched dollar-for-dollar thanks to Bank of America's sponsorship.
• The program aims to equip youth with critical life and workforce skills, including goal setting, budgeting, marketing, problem-solving, and customer service.

Sources:

• Boys & Girls Clubs of Portland Metro Area - [News Release]
• Bank of America - [Press Release]