Month: May 2023

NEW YORK, May 25, 2023 /3BL Media/ – Showcasing mastery of the economic knowledge that helps young people achieve financial goals throughout their lives, student teams from Carmel High School of Carmel, Indiana, and Mt. Hebron High School of Ellicott City, Maryland, each earned first place finishes in divisions of the Council for Economic Education’s 2023 National Economics Challenge (NEC). With support from the Wells Fargo Foundation, more than 6,500 high school students entered the unique competition that engages, motivates and rewards high school students for their knowledge of economic principles and the world’s changing global economy.

Teams from Arizona, Connecticut, Georgia, New Hampshire, New York and Texas also earned finalist honors in the two NEC divisions.

“Our congratulations to the top finishers, the finalists and indeed to all students and educators who participated in the National Economics Challenge this year,” said Nan J. Morrison, CEE president and chief executive officer. “For these students, economics is not a mystery or a puzzle. The NEC makes learning economics fun by asking each team to apply its skills and knowledge to real world problems, while promoting collaboration and teamwork along with a healthy dose of competition – all useful capabilities for their futures.”

The tools of economic analysis also teach students to think logically, use data smartly, and build analytic and problem-solving skills, Morrison added. Requiring economics or personal finance courses in schools across America would help ensure every young adult can develop the skills the Challenge teams have shown. Yet only half the states require a course in economics, according to CEE’s latest Survey of the States.

“We’re excited to congratulate all of the incredible students who competed in the 2023 National Economics Challenge and also gained valuable financial capability skills that will be used throughout their lives,” said Bonnie Wallace, head of Financial Health Philanthropy at Wells Fargo. “Opening pathways to long-term financial stability and wealth building is a priority for Wells Fargo and we’re committed to providing our nation’s schools and educators with the resources and training needed to effectively teach personal finance and empower students to reach their financial goals.”

Working in teams with teachers and others serving as coaches, students across America competed for cash prizes, recognition, and bragging rights in state championships and ultimately in two divisional national finals held in New York City.

The winners of the 2023 NEC Adam Smith Division for advanced and returning competitors are:

First place: Carmel High School, Carmel, IN: Jordan Seigel, Amogha Paleru, William Kurlander, Richard Gao. Coach: Michelle Foutz.First runner-up: Phillips Exeter Academy, Exeter, NH: Jack Gordon, Dhruv Nagarajan, William Grewal, Zach Khambatta. Coach: Aykut Kilinc.Second runner-up: Hunter College High School, New York, NY: Amitai Gillon, Zhiyu Yang, Henry Burton, Alex Torres. Coach: Ellen Fox.Third runner-up: Gwinnett School of Mathematics, Science, and Technology, Lawrenceville, GA: Nathan Abraham, Angelina Zhang, Hana Burhani, Henry Bui. Coach: Elfi Funk.

The top teams in this year’s NEC David Ricardo Division for first-time competitors who have taken no more than one economic course are:

First place: Mt. Hebron High School, Ellicott City, MD: Nathaniel Ritter, Mehin Pandya, Joseph Phelps, Satvik Marripalapu. Coach: Vann Prime.First runner-up: The Taft School, Watertown, CT: Michael Xu, Rina Kurihara, Nikas Lukyanov, Lachlan Abbott. Coach: Kevin Danaher Jr.Second runner-up: St. John’s School, Houston: Anik Banerji, Brandon Wu, David Qian, Lucy Janssens. Coach: Joseph Soliman.Third runner-up: Hamilton High School, Chandler, AZ: Olivia Lu, Elysa Kan, Grace Zhang, Gowri Biju. Coach: Grant Lapinski.

CNBC senior economics reporter Steve Liesman moderated the final “quiz bowl” rounds in each division. Portions of the in-person final competition were broadcast live from Wall Street by CNBC.

About the Council for Economic Education: 

The Council for Economic Education’s mission is to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families and their communities. CEE does everything possible to bring this knowledge to over 4 million K-12 students annually, leveraging our network of national affiliates. We work to make sure financial and economic education is required in K-12 schools; we provide free training and resources annually to over 40,000 teachers to build their abilities and confidence; and we deeply engage students through our competitions and career programs to build skills for life. Find out more at councilforeconed.org and on Twitter, Facebook and LinkedIn.

May 25, 2023 /3BL Media/ – In honor of Small Business Month, SkysTheLimit.org (“Sky’s the Limit”) is shining a spotlight on the incredible potential of emerging entrepreneurs and offering a range of opportunities to support small businesses.

With over 11 million aspiring global majority entrepreneurs still lacking the role models, resources, and support they need to succeed, Sky’s the Limit stands as a beacon of hope this month providing the necessary tools and guidance for underrepresented entrepreneurs to launch their ventures and thrive.

“The majority of entrepreneurs on Sky’s the Limit are in the idea stage of their businesses,” said Bo Ghirardelli, Co-Founder and CEO. “There are few organizations that support entrepreneurs that early in their journey. Transitioning from that early stage to the successful launch of a business requires unwavering dedication. That’s why we are so proud to partner with some of the top companies and best professionals in the world to offer mentorship, education, and funding to help entrepreneurs chase their business dreams.”

This Small Business Month, Sky’s the Limit takes pride in celebrating the accomplishments of the thousands of entrepreneurs who have tapped into the nonprofit’s services to help advance their businesses, and the mentors who provided guidance and encouragement along the way.

“Through the advice and support provided I have a new pricing strategy in place that has the potential to 3X my revenue this year,” said Krystal Speed, Founder of HR Strategist.

“Both my mentors were amazing at sharing ideas and talking me through any ideas that I had. Because of their help, I was able to build my confidence and try different product ideas to truly get my brand seen,” said Erin Logan, Founder of W&W Galleria.

Read more about Krystal, Erin, and dozens of other inspirational entrepreneurs through the stories and transformative experiences they’ve shared here.

Through one-on-one virtual sessions on the Sky’s the Limit platform, traditionally marginalized entrepreneurs – typically those who identify as LGBTQI+, BIPOC, women, veterans, disabled people, and people from low-income backgrounds – connect with mentors to overcome business challenges.

Membership is completely free and is available at SkysTheLimit.org. To make it easier for mentors and entrepreneurs to grow together, the organization also offers free mentoring and project guides for mentors and entrepreneurs. Monthly startup grant opportunities are also available to entrepreneurs.

For more information about how to get your company involved in mentoring, please visit https://www.skysthelimit.org/partnerships.

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About SkysTheLimit.org: SkysTheLimit.org is a digital platform that connects young, historically excluded entrepreneurs with one-on-one support from experienced business advisors and mentors, entrepreneurship milestone training and tracking, and community-voted startup grants. SkysTheLimit.org is a 501(c)3 nonprofit.

FARMINGTON, Conn., May 25, 2023 /3BL Media/ – Otis Worldwide (NYSE: OTIS), the world’s leading elevator and escalator manufacturing, installation and service company, today joined a prestigious list of companies recognized as one of ‘America’s Climate Leaders’ by USA Today.

The honor went to companies across the United States that achieved the greatest reduction in their core emissions (Scope 1 and 2 greenhouse gas emissions) intensity between 2019 and 2021, in relation to revenue. Otis has a goal to achieve a 50% reduction of Scope 1 and 2 emissions by 2030.  

“This recognition validates the tireless commitment of our colleagues around the world who strive to make Otis a leader in sustainability year after year,” said Otis Vice President of Environmental, Health, and Safety Kevin Dix. “We’re inspired to do all we can to lead by example, limit carbon emissions, and help safeguard and preserve the communities where we live and work.”

The year-over-year reduction in emissions intensity (Compound Annual Reduction Rate) was calculated for all companies meeting the inclusion criteria. The companies with the highest CARR were named as one of America’s Climate Leaders 2023.

Otis was also recently named among America’s Most Responsible Companies by Newsweek. To read more about the company’s commitment to sustainability, please review Otis’ Environmental, Social, and Governance (ESG) report.

About Otis
Otis is the world’s leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain approximately 2.2 million customer units worldwide, the industry’s largest Service portfolio. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. For more information, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.