Students Pitch Plans, Score Cash To Start Local Businesses

March 14, 2014

It was a friendly competition, when 15 area students pitched their business plans to some of the most prominent members of the region’s business community during Greater Pensacola’s inaugural Young Entrepreneurs Academy (YEA!) investor panel showdown.

The students, who have been refining their business plans for nearly six months, were featured on stage in a shark-tank-like format and judged based on the appeal and merit of each proposal. More than $6,000 in grants were awarded to the nine businesses that presented, with Gulf Breeze Middle School siblings – Eve Knight, 12, and Liam Knight, 13 – selected to compete in the YEA! Saunders Scholars Regional Competition with their winning business, The Spice Kidz.

“Entrepreneurs are crucial to the success of economic development within our region,” said Greater Pensacola Chamber President Jerry Maygarden. “Programs like YEA! help foster the entrepreneurial mindset in young people and give them the opportunity to pursue their dreams, which may otherwise go unrealized, by harnessing their youthful energy, optimism and creativity.”

The business pitches were judged by a panel of local investors made up of Pen Air’s President & CEO Stu Ramsey, Sandy Sansing Automotive Group’s David Sansing, Studer Community Development Group’s Andrew Rothfeder, Gulf Power Company’s John Hutchinson, Warren Averett’s Cyndi Warren, Central Credit Union’s Maggie Conaghan, Nowak Enterprises’ Peter Nowak, Chick-fil-A’s Robert Barnes, Florida SBDC’s Mike Myhre, THG Investments’ Chad Henderson and Beck Property’s Justin Beck.

“With small businesses playing an instrumental role in our nation’s economy, this program is a true testament to Greater Pensacola’s continued dedication to producing future leaders who could make significant contributions to our community,” said Global Business Solutions Inc. CEO Randy Ramos, who emceed the evening’s events.

YEA! is a national educational program that guides 6th- to 12th-grade students through the process of starting and running real businesses over the course of a full academic year. Students work in close cooperation with local business leaders, educators and community members to develop ideas and objectives that help to create their own fully-formed companies.

“One of the most interesting components of the program is the actual behind-the-scenes knowledge the students are given from local business leaders, who were at one time standing in their shoes,” said Dr. Ed Ranelli, Dean Emeritus for the University of West Florida College of Business. “Participating students are receiving a dynamic introduction to the business world, which in turn, helps to create tomorrow’s leaders.”

Pictured:  Eve Knight, 12, and Liam Knight, 13 – selected to compete in the YEA! Saunders Scholars Regional Competition with their winning business, The Spice Kidz. Submitted photo for NorthEscambia.com, click to enlarge.

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Written by William Reynolds · Filed Under FEATURE TOP STORY, Features, News