Nine students from MMI Preparatory School received full scholarships to attend Pennsylvania Free Enterprise Week 2013 on the campus of Pennsylvania College of Technology in Williamsport.
Pennsylvania Free Enterprise Week is a weeklong economic education program that offers students an inside look at the private enterprise system and the way the free market functions.
The MMI students who will attend a one-week session offered this summer on the campus of Pennsylvania College of Technology include the following Mountaintop/ White Haven area students: junior Alec Andes, son of Brian and Jodell Andes, Mountaintop; sophomore Kelsy Donaldson, daughter of Dennis and Kathy Donaldson, White Haven; junior Kristen Purcell, daughter of David and Kathleen Purcell, Drums; and sophomore Medina Saeed, daughter of Zubeen Saeed, Mountaintop.
Pennsylvania teachers and
counselors recommend the candidates, who are then reviewed by the PFEW staff. Admission is based on motivation to learn that is demonstrated through essays submitted by the applicants.
Those accepted are awarded scholarships that cover all program costs, excluding a nominal registration fee and transportation to and from Williamsport. When students arrive for their one-week session in July or August, they are housed on the campus in dormitories where they experience a taste of college life.
During the week, student “companies” simulate the actual operation of their own businesses for the equivalent of three years. Business volunteers serve as “company advisors” who mentor the students as they face many of the same decisions real executives confront. The companies compete against each other in the areas of management skill, return on net assets, a marketing and advertising campaign and a presentation to stockholders. Company advisors do not make decisions for their team, but suggest available options and share their own experiences and challenges. Scholarship winners learn the value of teamwork, cooperation and leadership.
Dozens of world-class speakers present seminars and discussions covering topics such as the relationships of business with labor, government and consumers. The students also hear talks about business ethics, management and leadership skills, the future of the economic system, the global marketplace, money and banking, business operations, careers in business, marketable skills and more.
Totally funded, taught and staffed by the Pennsylvania business community, PFEW is supported by seven manufacturers’ associations, more than 90 chambers of commerce and more than 700 companies. PFEW, now in its 35th year of operation, is governed by the Foundation for Free Enterprise Education, a 501 (c) (3) non-profit organization. For more information, visit www.pfew.org.