Best Practices

U.S.SourceLink Announces Winner of the Innovative Practices Challenge

Published Apr 23, 2012 by Sarah Mote

In a close finish, Lemonade Day Alaska won this year’s U.S.SourceLink Innovative Practices Challenge and the grand prize of $2,500. The winning entry was announced and featured at the U.S.SourceLink Power Up! Conference on April 23, 2012, at the Federal Reserve Bank of Kansas City.

U.S.SourceLink hosted the video contest among its affiliates and their resource partners to highlight the best economic development practices that support entrepreneurs in their local communities.

Four finalists competed for the $2,500 grand prize in the final voting round:

About Lemonade Day Alaska

Submitted by the University of Alaska Center for Economic Development, Lemonade Day Alaska is a free experiential program to teach youth about entrepreneurship by giving them the opportunity to start and run their own small business.

The goal of Lemonade Day is to give children of all socio-economic backgrounds, in all areas of Alaska, the opportunity to learn about starting and operating their own business. Lemonade Day reaches out to neighborhoods where children wouldn’t have an opportunity to learn the basic skills of being an entrepreneur.

In its first year, Lemonade Day registered 941 youth who sold 91,000 cups of lemonade, yielding  $149, 000 in profits. The youth donated $19,000 of their earnings to various local charities.

View All the Innovative Practices

View the finalists’ videos and innovative entrepreneurial practices on the U.S.SourceLink website.

Content contributed by Sarah Mote, U.S.SourceLink, America’s largest resource network for entrepreneurs