Entrepreneurship education is the fundamental tool for creating an ongoing cycle of learning and innovation that will bring sustainable job creation and re-creation. Young people face historic increases in joblessness, an unemployment rate that is three times higher than that of adults, and a rapidly shifting economy.
Technology and capital are driving this economic change. As a result, the global economic crisis itself is driving change. Success is increasingly defined as the ability to build, scale and adapt a business quickly in the digital world. Entrepreneurship education is a tool that can equip young people to not only start businesses and create jobs, but also to be opportunity-focused, flexible employees ready to fill existing jobs.
NFTE fosters the creation of businesses and the development of a adaptable, driven and opportunity-focused workforce that ultimately promotes economic stability. External research has shown that NFTE graduates start and maintain businesses at substantially higher rates than their peers. Other research findings indicate the following trends:
“Not every young person wants to work for a big business, so we need a systemic approach to teach them entrepreneurship, and NFTE has the best program in the country,” said U.S. Secretary of Education Arne Duncan.
NFTE helps young people see their futures in a different, positive way.