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On Friday, August 2, the 2nd Annual Children’s Business Fair will be taking place on The Green in Wellsboro – coinciding with August’s First Friday event.

The fair’s director, Rachel Smith, started it last year upon discovering a similar program at a school in Texas that promoted entrepreneurial education. Smith and her daughter submitted an application to host their own program and were accepted.

“We had about 15 kids participate last year,” said Smith. “This year we have about 30 kids participating.”

Over the course of the summer, local students, with some supervision from their parents and Smith, have created their own “businesses” – showcasing a variety of homemade products, services, activities or games that they will be presenting on The Green.

“I really hope the students take a away a sense of responsibility,” said Smith. “So I’ve been teaching them throughout the summer different ideas of marketing, finances, how to calculate profit, set sale price so they actually make a profit. But I think the number one lesson I really want them to take away from this entire project is…these businesses are theirs.”

Parents assist the young entrepreneurs, but all the final business decisions are made by the students. Stop by The Green in Wellsboro to support their business booths and see what the next generation has to offer.

For more information about this event, visit their Facebook page here.