Achievement Foundation Awards More than Half a Million Dollars in Grants to Junior Achievement Offices to Expand the JA Company Program®
Colorado Springs, Colo. — JA of Northern New England has received a grant for $25,000 from
The Achievement Foundation. The Achievement Foundation has announced the awarding of
Hugh B. Sweeny Jr. Grants totaling $585,000 over two years to Junior Achievement offices in
13 communities across the country. The grants will support the expansion of the JA Company
Program®, JA's premier entrepreneurship education initiative, which offers teens the chance to start and run student-led businesses. Each JA office will receive a $25,000 grant for the first
year, with a second year grant of $20,000. Grants will be used for the hiring of a staff member
whose time is dedicated to the growth of the JA Company Program in that community.
The recipient communities are:
- JA of Arkansas (Arkansas)
- JA of the Central Carolinas (Charlotte, NC)
- JA of Central Florida (Orlando, FL)
- JA of Central Maryland (Baltimore, MD)
- JA of Central Texas (Austin, TX)
- JA of Chicago (Chicago, IL)
- JA of Delaware (Delaware)
- JA of Greater Washington (Washington, D.C.)
- JA of the Michigan Great Lakes (Grand Rapids, MI)
- JA of South Florida (Ft. Lauderdale, FL)
- JA of Southwest New England (Hartford, CT)
- JA of Northern New England (Boston, MA)
- JA of the Upper Midwest (Minneapolis/St. Paul, MN)
"Entrepreneurial thinking is a critical success factor for the futures of our youth, our businesses, and our local and national economies," said JA of Northern New England President & CEO Radhames Nova. "We greatly appreciate the Achievement Foundation's investment in helping our young people discover the skills needed to start their own business and beyond."
The JA Company Program is a 26-lesson, hands-on entrepreneurship program that can be
delivered both in-school and after-school. The program brings entrepreneurial theory out of the classroom and into the real world by showing high school students how to start and operate their very own business, with the help of mentors from the local business community. Over several months these young people work collaboratively to identify a need in the community, create a product or service that addresses this need, form a company, and manage sales, marketing, finance, supply chain, etc. – all on a journey toward a successful business venture.
Over the past several years JA of Northern New England has significantly grown the impact of
the JA Company Program in its region, expanding implementation from 8 programs in school
year 2015-2016 to 17 programs in school year 2017-2018 and sending high-performing student
companies to the JA National Student Leadership Summit in Washington, D.C. for the past two
years. With an organizational strategy focused on continuing to grow the impact of the JA
Company Program, the Achievement Foundation’s contribution toward a dedicated staff
resource will be instrumental in helping JA of Northern New England achieve this goal.
The Hugh B. Sweeny Jr. award is named after Hugh B., "Jim," Sweeny, Jr. who served Junior
Achievement for more than 32 years, including many years as National Program Director.
During his tenure, Mr. Sweeny managed and expanded the National Junior Achievers
Conference from 60 participants in 1948 to more than 3,000 delegates in 1977.
About the Achievement Foundation
The Achievement Foundation, Inc. was formed almost 60 years ago to receive grants, gifts, and
bequests for the giving of financial aid for charitable, scientific or educational programs to
groups or clubs of boys and girls for the purpose of encouraging them in productive enterprises. The Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. As such, it is exempt from state and federal income taxes on income related to its tax exempt purpose and contributions to the Foundation are deductible as charitable contributions for income tax purposes. The Foundation has had a long-standing (albeit non-exclusive) relationship with Junior Achievement through contributions and providing loans to local JA areas in need of financial assistance. Over the past few years, the Foundation has broadened its programs and activities to include grants.