MBF Awards $50,000 Gift to Network for Teaching Entrepreneurship (NFTE)

by | May 6, 2013 | Uncategorized

Date: May 6, 2013

Media Contact:
Kathleen Murphy
(305) 379-70702 Ext. 204

The MBF this week awarded a gift of $50,000 to Network for Teaching Entrepreneurship, Inc. (NFTE), an internationally recognized organization that provides programs meant to inspire students from low-income communities to stay in school, to recognize business opportunities and to plan successful futures. The funds will be allocated over the course of five years, $10,000 per year, to NFTE programs benefiting students that are residents of the City of Miami.

Founded in 1986, the MBF seeks to stimulate economic development in the City of Miami through the support of minority businesses and education. MBF is excited to announce this unique partnership as this gift focuses on sowing the seed of entrepreneurship for young thinkers by stimulating creative thinking, research, writing, and analytics.

“NFTE’s approach to entrepreneurship education provides a powerful motivational spark for at-risk young people. We are delighted to partner with the MBF to impact at least 500 students at Booker T. Washington Senior High School over the next five years, opening new doors to the future,” said Alice Horn, Executive Director of NFTE South Florida.

NFTE provides an entrepreneurship education curriculum for use at the middle school and high-school levels. Students participating in NFTE are engaged in a “learning by doing” model. Ultimately, each student will work towards creating a business plan from their own ideas to be presented in the classroom. The top students are invited to participate in NFTE Business Plan Competitions all over the world. Finally, winners receive funding that can be used for their business or education.

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