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Statement on Assembly Joint Resolution No. 51 — Assembly Commerce and Economic Development Committee

Summary

This committee statement, dated May 18, 2023, reports favorably Assembly Joint Resolution No. 51. The Joint Resolution designates the second week of June of each year as Kids Entrepreneurship Awareness Week. It defines entrepreneurship as the capacity and willingness to develop, organize, and manage a business venture, along with any of its risks, in order to make a profit. It says the bill was prefiled for introduction in the 2022-2023 session pending technical review and, as reported, includes the changes required by technical review. As reported by the committee, the bill is identical to Senate Joint Resolution No. 22.

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“Statement on Assembly Joint Resolution No. 51 — Assembly Commerce and Economic Development Committee.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-05-18-ace-ajr51-s1-ba94d330ea/, SHA-256 4dfc660fd267b4e741e48bb9e2b9daa6d081762ca6cb82f77e3e6d61ff6a72c9.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

     ASSEMBLY JOINT RESOLUTION No. 51

       STATE OF NEW JERSEY
                             DATED: MAY 18, 2023

          The Assembly Commerce and Economic Development Committee
      reports favorably Assembly Joint Resolution No. 51.
          This Joint Resolution designates the second week of June of each
      year as “Kids Entrepreneurship Awareness Week.”
          Entrepreneurship is the capacity and willingness to develop,
      organize, and manage a business venture, along with any of its risks, in
      order to make a profit.           Through the power of ownership,
      entrepreneurs are their own bosses, free to design jobs that are the
      most fulfilling, flexible, and meaningful for them. Entrepreneurship
      holds great potential in establishing an individual’s pathway to wealth
      and prosperity, particularly for people in low-income communities.
          Despite the many benefits of entrepreneurship, young people rarely
      receive any information about business ownership as a career option or
      any formal education on how to achieve such a goal. Many experts
      believe that the skills of entrepreneurship must be developed over time
      through experience and instruction. Therefore, it is vital for New
      Jersey parents, teachers, and community leaders to work together to
      prepare the State’s youth to be responsible, enterprising individuals,
      immersing them in real life learning environments where they can take
      risks, manage the results, and learn from the outcome.
          This bill was prefiled for introduction in the 2022-2023 session
      pending technical review. As reported, the bill includes the changes
      required by technical review, which has been performed.
          As reported by the committee, this bill is identical to Senate Joint
      Resolution No. 22, which was also reported by the committee on this
      date.

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