ICE NYSE Financial Performance Award

Teen entrepreneurs demonstrate financial skills and business acumen

Pocket Perks, winner of the 2018 ICE NYSE Financial Performance Award

Maplewood, Minn (June 26, 2018) — At the 2018 Junior Achievement National Student Leadership Summit (NSLS) held June 17-21 in Washington, D.C., student-run company Pocket Perks won the ICE NYSE Foundation Best Financial Performance Award. The award was presented to the Junior Achievement (JA) student company that performed the best against criteria including profitability, investor expectations, employee earnings, product quality, leadership, and operational efficiency. Junior Achievement’s National Student Leadership Summit is a contest of business skills, ingenuity, and innovation that focuses on the accomplishments of U.S. JA Company Program ® students, ages 15-18, during the 2016-2017 academic year.

During the teens’ participation in JA Company Program®, the Maple Grove students started and operated their company under the guidance of a volunteer from the local business community. The teens devised a product or service to fill an unmet consumer need, recruited investors, and operated and promoted their company.

Students from Maple Grove High School created Pocket Perks, whose mission is to connect customers to discounts and deals at local businesses through a membership program. The company generated $8,030 in revenue in just 32 days of operation. Net income totaled $7,384 with a net profit margin of 92%. The students donated $6,000 of their profits to charity.

“Junior Achievement has influenced some of the most important decisions in my life. I am extremely grateful that I had this opportunity to be supported by an organization that continually engages with youth to expose them to some amazing mentors, leaders, and experiences,” said Samantha Byun, Pocket Perks Vice President of Design. “Entrepreneurship is a challenging journey, but with the right people around you, it makes it all worthwhile.”

“Applying effective leadership and leveraging operational efficiencies are key to business success,” said Gina Blayney, Junior Achievement of the Upper Midwest President & CEO. “JA students get the opportunity to apply these concepts—and other important business skills—in a real-world environment. JA’s National Student Leadership Summit highlights the importance of entrepreneurship education as a driver of U.S. economic growth and job creation.”

The student companies attending JA NSLS were assessed on their financial performance, individual team members’ personal and professional development, on a self-produced commercial about their product or service, on their team’s live presentation to a panel of business leaders, and on their company’s performance at an Entrepreneurship Expo on Capitol Hill attended by Members of Congress.