UA College Savings Plan Newest Sponsor of the Alaska Business Week Program
The first Alaska State Chamber Alaska Business Week concluded the weeklong program this past Friday in an awards ceremony at the Salisbury Theatre on the UAF campus. Thanks to the generous support of the UA College Savings Program, a total of $5,000 in college scholarships were awarded to five Alaska Business Week students, including: Kendall Eilo (Anchorage), Abby Bowman (Juneau), Khristopher Howard (Anchorage), Joey Mudry (Sitka) and Shaynee DeVito (Soldotna). These scholarships can be used for educational expenses at any eligible institution of higher education throughout the country. The UA College Savings Plan scholarships were awarded based on leadership demonstrated throughout the program.
“We are pleased to sponsor this worthwhile program, and know the scholarships will be put to good use as these students consider their future educational options,” said Linda English, Executive Director, UA College Savings Plan and UA Scholars Program.Modeled after the very successful and long-running Washington Business Week program, this weeklong discovery-learning program is a hands-on leadership training experience specifically designed for high school students. Competing with other companies, students gain management skills as they strategize their production, marketing and finance decisions, as well as respond to issues pertaining to personnel, the environment and corporate responsibility. This program transforms students as they gain confidence in themselves when facing real life business challenges. At the end of the week, students defend their companies in front of a panel of business leaders, and produce a product or service to be presented to potential ‘stockholders’ for investment purposes. Whether a student knows what they will be doing after high school, or is still considering all the options, this program increases awareness of their skills and capabilities, and helps them to develop their focus in so many ways. Business leaders work with the students throughout the week to mentor the student companies and lead them to a winning strategy.
This year, 45 high school students from all across Alaska participated in creating companies, developing a product or service, and learning leadership and teambuilding skills through a series of interactive exercises designed to make them focus on running a business. Students came from Wainwright, Atqasuk, Petersburg, Ketchikan, Juneau, Kenai, the Anchorage bowl area and Fairbanks community. They lived in the dorms at UAF and experienced college life first-hand.The Alaska State Chamber is now making preparations for the program in 2011. More information can be found on Facebook