- Wallenpaupack students Natalie Rice, Danna Williams and Corine Peifer placed third in the statewide EconomicsPennsylvania Entrepreneurship Challenge for their business plan ‘Product Waste Recycling.’
After being chosen as one of top three in the regional event, the team qualified to move on to the statewide competition, where they won third place against students from around Pennsylvania.
On Feb. 7, EconomicsPennsylvania held the first local area Entrepreneurship Day at the Settlers’ Inn in Hawley, sponsored by The Dime Bank. Eleven teams of students from Wallenpaupack, Honesdale, Carbondale, Delaware Valley and Western Wayne attended a daylong seminar given by Robert Williams, Misericordia University, Director of Center of Economic and Entrepreneurship.
The teams had to develop an idea for an original product or service, research things like all of the expenses they could expect, the cost and profit margin of their product, marketing plans, etc.
The students ‘pitched’ their plans to a panel of judges comprised of local businesspeople Bridget Gelderman, East Shore Lodging and Gift Shop; PJ Karpiak, Alice’s Wonderland; Justin Genzlinger, Hawley Silk Mill and Settler’s Inn; and Joe Adams, The Dime Bank.
President and Chief Executive Officer Gary C. Beilman stated, "We are pleased to support this inaugural event to teach our area students the importance of entrepreneurship and what it takes to be successful. We were impressed with the quality of all the presentations, but particularly pleased that the Wallenpaupack team represented our area so well that they took third place."