Assembly Commerce and Economic Development Committee Statement to Senate Joint Resolution 22, May 18, 2023

Summary

The New Jersey Assembly Commerce and Economic Development Committee statement dated May 18, 2023 reports Senate Joint Resolution No. 22 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 information about business ownership as a career option or formal education on how to achieve it, and that parents, teachers and community leaders should prepare the State's youth through real life learning environments. As reported, the measure is identical to Assembly Joint Resolution No. 51, which the committee also reported on this date.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

SENATE
JOINT RESOLUTION No. 22

STATE
OF NEW JERSEY

DATED: MAY 18,
2023

The
Assembly Commerce and Economic Development Committee reports favorably Senate
Joint Resolution No. 22.

T his
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 Assembly Joint Resolution
No. 51, which was also reported by the committee on this date.

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