NW Illinois Economic Development (NWILED) is excited to announce its Build it • Grow it Entrepreneurial Scholarship. All high school seniors in Jo Daviess, Carroll and Whiteside Counties are eligible to apply for a $1,000 scholarship and an opportunity to meet with business expert, Brian McIntyre, to learn about self-employment.
The application will be available on January 2 of each year on the NWILED web site or at high school guidance counselors' offices. The scholarship application does not include G.P.A. or financial need requirements. Students will explain why they believe they would like to own their own business and any product or service they would like to create. Applications are due to NWILED February 2. The scholarship will be awarded at NWILED's Annual Meeting every March.
The Entrepreneurial Scholarship is a natural extension of our Build it • Grow it business program, which has shown positive results for micro-businesses since its inception. Teaching young people how to be self-employed is increasingly important, explains Lisa McCarthy, NWILED Executive Director. According to the National Small Business Association, 70% of small businesses in the U.S. are owned and operated by a single person.