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KOCH REFINING COMPANY SPONSORS YOUNG ENTREPRENEURS OF MINNESOTA

 KOCH REFINING COMPANY SPONSORS YOUNG ENTREPRENEURS OF MINNESOTA
 At-Risk Youth Taught Business Skills
 ROSEMOUNT, Minn., Oct. 14 /PRNewswire/ -- Koch Refining Company and the National Foundation for Teaching Entrepreneurship (NFTE) today announced sponsorship of an innovative program designed to introduce at- risk and disadvantaged youth to the world of business.
 Young Entrepreneurs of Minnesota, organized by NFTE and sponsored by Koch Refining Company through a grant, is working with 115 high-school- aged youth from throughout the Twin Cities on learning the fundamental skills of how to create and manage their own businesses.
 Under the leadership of Minnesota-based NFTE Program Director Kari Davis, select teachers and other professionals from seven locations will teach the students basic business and entrepreneurial skills while students receive the opportunity to learn how to start, finance and manage their own business. During the 12-week course, students learn bookkeeping, how to calculate taxes and other marketing, finance and production skills needed to become entrepreneurial. Davis said the students also learn basic human values, such as initiative, honesty and the rewards of persistence.
 Young Entrepreneurs of Minnesota is currently underway in the Boys & Girls Clubs (Jack Cornelius Club), North Minneapolis YMCA and Washburn High School, all of Minneapolis; St. Bernard's High School, St. Paul Urban League and Johnson High School, all of St. Paul; and the District 196 Alternative High School, Rosemount.
 "Youth who are at-risk face extraordinary challenges every day," said Davis. "These youth already possess many of the skills of a successful entrepreneur -- mental toughness, ability to take risks, resiliency and a natural sales ability. The Young Entrepreneurs of Minnesota program taps into the potential that the youth have and provides kids with the motivation to work hard. In the end, it uncovers and strengthens talents that many times are hidden."
 NFTE is the brainchild of Steve Mariotti, a New York City businessman turned high school teacher. Founded in 1987, NFTE has taught more than 5,000 at-risk youth the basics of business and entrepreneurship and provided seed capital for hundreds of small business ventures. NFTE currently has programs in six states.
 "Young Entrepreneurs of Minnesota gives at-risk students a chance at business, at success and a chance at pride," said Carl Marhaver, Koch Refining Company vice president and refinery manager. "At Koch, we believe in the vision of the NFTE program as a private sector solution to some of today's serious social problems. We have a longstanding commitment to our community. This program is an excellent means of providing a benefit to the community."
 Koch Refining Company, a leading producer of transportation energy and other fuel products in Minnesota and Wisconsin, is a subsidiary of Koch Industries, Inc., Wichita, Kan., with 900 full-time workers at its Rosemount refinery.
 -0- 10/14/92
 /CONTACT: Kari Davis, NFTE program director, 612-953-4426; Pat Thompson of Koch, 612-437-0718; or Jean M. Hill of Yeager Karwoski, 612-334-8231, for Koch/ CO: Koch Refining Company; National Foundation for Teaching
 Entrepreneurship ST: Minnesota IN: OIL SU:


KH -- MN008 -- 9810 10/14/92 11:26 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
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