U.S. Network of Virtual Enterprises & Merrill Lynch Present the Second Annual National Business Plan Competition & Winners.
NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Awarding $25,000 in Cash Prizes; With Special Guest New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Deputy Mayor for Education and Community Development Dennis Walcott
Teams of aspiring young business managers from public high schools across the country are competing to win $25,000 in prizes and business development funds provided by Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , through the U.S. Network of Virtual Enterprises & Merrill Lynch National Business Plan Competition. The competition kicked off Wednesday in New York City at Baruch College Baruch College: see New York, City University of. with two days of business plan presentations from 15 teams, and culminates with an announcement of the winners today at the Virtual Enterprises, International Trade Fair.
Virtual Enterprises is a simulated business environment where students "trade" with their peers via e-commerce strategies through a worldwide network of over 4,000 virtual businesses in more than 30 countries. The U.S. Network of Virtual Enterprises & Merrill Lynch National Business Plan Competition is the first-ever national initiative for the U.S. Network of Virtual Enterprises represented by W!SE (Working In Support of Education), an educational not-for-profit focused on financial and entrepreneurship education should be added to this article, to conform with Wikipedia's Manual of Style.
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Winning teams of the National Competition will be announced at the Ribbon Cutting Ceremony A ribbon cutting ceremony is a public ceremony conducted to inaugurate the opening to the general public of a new building or business.
Often, it is conducted in just the manner the name suggests: by tying a ceremonial ribbon across the main entrance of the building, which of the Virtual Enterprises, International Trade Fair at the 69th Regiment Armory today, featuring New York City Deputy Mayor for Education and Community Development Dennis Walcott, Merrill Lynch Senior Vice President Jason Wright Jason Gomillion Wright (born July 12, 1982 in Diamond Bar, California) is an American football halfback who currently plays for the Cleveland Browns of the National Football League. , and Director Iris Blanc, Virtual Enterprises, International. This annual virtual trade fair, an event of the New York Department of Education, will be attended by 2,500 people, including student teams from the US, Canada, Romania, Bulgaria, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and Austria.
"New York City is proud to host the next generation of business leaders and visionaries," said Deputy Mayor for Education and Community Development Dennis Walcott. "I commend Virtual Enterprises, Merrill Lynch, and W!SE for their commitment to helping kids develop the skills necessary to succeed in their careers and their lives. I wish all the students participating in this competition the very best of luck."
The U.S. Network of Virtual Enterprises & Merrill Lynch National Business Plan Competition offers students the opportunity to participate in an exciting learning experience that inspires innovative thinking and paves the way for the creation of new business ideas and solutions. It also connects them to Merrill Lynch volunteers, who are committed to helping young people of all backgrounds become financially literate, business savvy and economically competitive.
Jason Wright of Merrill Lynch, said, "We think this is a wonderful way to expose young people to some of the career opportunities and rewards that can be available to them when they develop financial skills. Many youngsters, particularly in the inner cities, miss out on opportunities when they are adults to be successful entrepreneurs because no one opened their eyes to the possibilities. This national business plan competition has a very important mission--teaching students hands-on the excitement and skills of running a business and preparing them for a very successful business career."
"Virtual Enterprises is proud to partner with Merrill Lynch on this important initiative. As VEs nationwide continue to increase in number, so must their opportunities to demonstrate excellence, differentiation and achievement. Merrill Lynch's support in launching a national competition ensures that our students will have the opportunity to compete and succeed in a highly motivating and rewarding environment," said Iris Blanc, Director, Virtual Enterprises, International.
The Virtual Enterprises, International Trade Fair is an opportunity for students to exhibit and sell virtual (and, in some cases, actual) products and services through their virtual businesses in a competitive marketplace with their local and global colleagues and peers. The more than 100 VE Trade Fair exhibitors are student-run businesses including Essence Hotel, Inc. from Norman Thomas High School, The Printing Depot from Fort Hamilton High School Fort Hamilton High School (HS 490) is a public high school in Brooklyn, New York, USA, under the jurisdiction of the New York City Department of Education. It has stood overlooking the Narrows and Lower New York Bay since 1941. , and VE Management (insurance agency) from New Dorp High School New Dorp High School, (or "New Dorp," or NDHS) administered by the New York City Department of Education, is a public school located on the East Shore of the New York City borough of Staten Island in the New Dorp neighborhood. .
About Merrill Lynch's Philanthropy: Merrill Lynch was founded on the idea that the world is full of opportunity. Opening the door to that opportunity for underserved children and youth is the focus of the firm's global philanthropy. In 2005, Merrill Lynch giving totaled more than $37 million, with education receiving nearly half of that support. Merrill Lynch's flagship program Investing Pays Off(R)--or IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. (R)--helps create a level playing field See net neutrality. for youngsters of all backgrounds through financial literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including Australia, Japan, the United States and the UK. and business savvy. The program strength lies in a free curriculum, the involvement of Merrill Lynch volunteers and online educational resources at http://volunteer.ml.com.
About Virtual Enterprise International: Pioneered in New York City high schools, Virtual Enterprise International, directed by Iris Blanc, offers students the opportunity to experience in a simulated business environment all facets of working in a real corporation.