53 AGENDA ITEM BACKGROUND TO: GOVERNING BOARD DATE FROM: PRESIDENT February 6, 2012 SUBJECT: Youth Entrepreneurship Program Grant REASON FOR BOARD CONSIDERATION ACTION ENCLOSURE(S) ITEM NUMBER Page 1 of 1 A.7 Background: Cabrillo College’s Business and Entrepreneurship Center (BEC) has been awarded a $150,000 grant from the California Community Colleges Chancellor's Office to continue the Youth Entrepreneurship Program (YEP) from January 10, 2012 through December 31, 2012. It is anticipated that the outcomes of this grant will be realized through collaboration with Your Future Is Our Business, the Regional Occupational Program and the entrepreneurship classes of regional high schools and community colleges. The Youth Entrepreneurship Program is designed to foster the creation of small businesses and the instruction of entrepreneurship and small business management to youth between the ages of 14 and 28. The YEP program serves the 17 greater San Francisco Bay area Community Colleges and will be hosting business plan competitions, entrepreneurial fairs and linking young entrepreneurs to a network of college faculty and other advisors. The YEP program is a subsidiary of the Small Business Development Center’s Business and Entrepreneurship Center. Fiscal Impact: An increase in the amount of $150,000 in revenue and expenditures. Recommendation: It is recommended that the Governing Board accept the $150,000 grant from the California Community Colleges Chancellor's Office. It is further recommended that the Board authorize the Vice President of Administrative Services to execute and make all necessary arrangements in relation to this grant agreement and any future amendments on behalf of the college. Administrator Initiating Item: Rock Pfotenhauer, Dean, CEED Renée M. Kilmer, Vice President, Instruction Academic and Professional Matter If yes, Faculty Senate Agreement Senate President Signature Yes No Yes No Final Disposition Approved