Assembly Commerce and Economic Development Committee Statement to Assembly Joint Resolution, No. 136 (2021)

Summary

A statement of the New Jersey Assembly Commerce and Economic Development Committee to Assembly Joint Resolution No. 136, dated December 6, 2021, reporting the joint resolution favorably. The joint resolution designates the second week of June of each year as "Kids Entrepreneurship Awareness Week." The statement says young people rarely receive any information about business ownership as a career option and that the skills of entrepreneurship must be developed over time through experience and instruction. It adds that the bill is identical to Senate Joint Resolution Bill No. 30, which the committee also reported on this date.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY
JOINT RESOLUTION No. 136

STATE
OF NEW JERSEY

DATED: DECEMBER
6, 2021

The Assembly Commerce and Economic Development
Committee reports favorably Assembly Joint Resolution Bill No. 136.

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.

As reported by the committee, this bill is identical
to Senate Joint Resolution Bill No. 30, which was also reported by the
committee on this date.

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