Assembly Commerce and Economic Development Committee Statement to Senate Joint Resolution 30, December 6, 2021

Summary

In a statement dated December 6, 2021, the New Jersey Assembly Commerce and Economic Development Committee reports favorably on Senate Joint Resolution Bill No. 30. The measure would make the second week of June of each year "Kids Entrepreneurship Awareness Week." The statement describes entrepreneurship as a possible pathway to wealth and prosperity, particularly for people in low-income communities, and says many experts believe its skills must be developed over time through experience and instruction. The committee notes that the bill is identical to Assembly Joint Resolution Bill No. 136, which it also reported on this date.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

SENATE
JOINT RESOLUTION No. 30

STATE
OF NEW JERSEY

DATED: DECEMBER
6, 2021

The
Assembly Commerce and Economic Development Committee reports favorably Senate
Joint Resolution Bill No. 30.

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 Assembly Joint Resolution
Bill No. 136, which was also reported by the committee on this date.

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