Fleet Financial Group has teamed with the National Foundation for Teaching Entrepreneurship and Babson College to bring business skills and entrepreneurial principles to inner city youth.
The Fleet-NFTE Youth Entrepreneurs Partnership at Babson teaches youth ages 14 to 24 from Buffalo and nine other Northeast urban areas how to develop and operate their own businesses.
Eleven teachers from Buffalo just returned from four days of intensive training at Babson in Wellesley, Mass., and will now put what they learned into practice at their respective learning institutions.
"My goal is to help young people add value to their lives by discovering they have the skills, the energy and the creativity to help themselves and their communities," said Don McLain, a teacher at Emerson Vocational High School.
NFTE provides teenagers with entrepreneurial basics through a "Mini MBA" program at schools and volunteer organizations. As part of the program, students learns about supply and demand, cost-benefit analysis, recordkeeping and the elements of starting a business.
The Fleet-NFTE entrepreneurial partnership program runs through next February and will culminate in the presentation of business plans by participating students.