ESU Announced Its Role in 2019-2020 Monroe County Stock Market Challenge

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Posted by: Elizabeth Richardson on January 24, 2020, No Comments

Sylvester Williams, J.D., dean of the college of business and management at East Stroudsburg University, announced today that ESU will partner with Wayne Bank of Dalton, Pa., to host a luncheon on ESU’s campus to celebrate and honor students and schools participating in the 2019-2020 Monroe County Stock Market Challenge from the Pennsylvania Council on Financial Literacy (PennCFL). The luncheon will be held May 27, 2020 from 10 a.m. – 1 p.m. at the ESU Innovation Center.

The Challenge will include all 3rd to 12th grade students from East Stroudsburg, Pleasant Valley, Pocono Mountain and Stroudsburg area school districts for both fall and spring initiatives. Students will represent their schools in special local investment competitions with an extra special competition planned for high and middle school students in spring. The fall game began in early October and the spring game is set to begin February 10, 2020.

According to PennCLF, their mission is “to provide Pennsylvania’s K-12 students with economic, personal finance and entrepreneurship skills that elevate their standard of living, quality of life and professional success.”

Alan Dakey, president of PennCFL, said students teams are assembled in each school district for this challenge. Each team receives $100,000 in fake currency and then tasked to invest in stocks. The top three teams receive a prize and are recognized at the luncheon at ESU.

“This partnership is a great fit for ESU,” notes Williams. “It will enable students from across the Pocono Region to visit our campus and interact with students who are like-minded and focused on careers in the business and management fields. The Challenge ties in very nicely with our finance program and Bloomberg Finance Lab and gives us (ESU) the opportunity to inspire young minds to continue their commitment to the field of business.”

Williams adds that he was delighted when asked to partner with Wayne Bank, who is an avid supporter of programs, like PennCFL, that supports individuals in the communities that it serves. In business for more than 148 years, Wayne Bank has 26 Community Offices serving Wayne, Pike, Monroe, Lackawanna, and Luzerne counties in Pennsylvania along with Delaware and Sullivan Counties in New York. As a community bank, Wayne Bank employs more than 200 local people and is an integral part of both the local community and the economy contributing to hundreds of organizations through event participation and service to local charities.

PennCFL sponsors financial games and programs, with the participation of over ten thousand students, in the 45 counties of Pennsylvania. Also, they offer entrepreneurship conferences and competitions with partnering colleges and universities. For more information about PennCFL, visit PennCFL.org.