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Babson College and Mayor Menino launch Lemonade Day to teach young students about entrepreneurship

Posted by Your Town  March 7, 2013 04:58 PM

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Babson College and Boston Mayor Thomas M. Menino have officially launched Lemonade Day Boston 2013, a program in which 2,000 children learn the basics of running a business, Babson College officials announced in a statement today.

Now in its 3rd year, Lemonade Day Boston will consist of nearly 2,000 elementary and middle school students from the Boston area, including Hyde Park, Dorchester, Allston,
Mattapan, Roxbury, and Roslindale. The students will receive an “entrepreneur kit,” designed to help them learn how to start a business. On May 4, the students will simultaneously launch their stands across the city.

“When we teach students entrepreneurship, we teach them to invent their future,” Menino said in the statement. “Lemonade Day Boston is a wonderful, important way to help Boston’s young people become part of our innovation economy.”

The statement said that “Lemonade Day lessons reinforce and promote financial literacy, creativity, goal-setting, leadership and collaboration skills-- all while having kids experience pride and accomplishment as they launch a real-life business venture.”

The statement said that the students will learn how to earn money, pay back loans, manage savings, and share their profits. They will also be required to share part of their profits with local charities.

“At the heart of Lemonade Day is the most important lesson we can ever teach our children ─ to take charge of their own lives, to realize their unique potential, and to become the leaders of their own future,” Babson President Len Schlesinger said in the statement. “My wife Phyllis and I are extremely pleased to support such a life-changing program that has expanded this year to reach even greater numbers of Boston’s school-aged children. By spreading entrepreneurship to our youngest generation of learners, we unleash a transformational force for change.”

Katherine Landergan can be reached at klandergan@globe.com. For campus news updates, follow her on Twitter @klandergan.

Looking for more coverage of area colleges and universities? Go to our Your Campus pages.

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