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Hudson -- Something yellow will be popping up all over town in May. No, it's not dandelions. It's lemonade stands.
Mayor William Currin read the proclamation for Lemonade Day Month in Hudson April 16 during a Council meeting.
Since 2011, students have participated in Lemonade Day. Hudson expanded it in 2012 to Lemonade Day Month so students from Seton Catholic, Hudson Montessori and East Woods Elementary schools could participate.
Students learn to open, own and operate their own business by obtaining a loan and starting a lemonade stand to teach fundamental lessons about business and giving back to the community.
Seton Catholic School fifth-grade students will set up their lemonade stands May 3 and May 4 in the downtown area at Pizza BOGO, First Merit Bank, Ace Hardware, Vertical Runner, Nicky Nicole, The Burton D. Morgan Foundation, The Learned Owl, Verizon, Peet's Coffee, Keller-Williams, Hudson Library & Historical Society and Great Clips.
Hudson Montessori School students will squeeze lemons into lemonade May 17 and May 18 around First & Main.
East Woods Elementary students will promote their lemonade businesses May 17, 18, 24, 25 and 26 and set up in downtown and First & Main at such places as The Learned Owl, Vertical Runner, Nicky Nicole, Specs Eyecare, Hudson library and the Morgan Foundation.
Outside of the downtown area, students will set up stands at Great Clips, Pizza BOGO and Ace Hardware.
Seton Catholic School will have 49 fifth-graders participating with teams of three to five members.
"One of our biggest goals and lessons that we want the students to learn is team work," said Seton fifth-grade teacher Ashley Koroshazi.
Students work on researching cost effective products, making budgets and creating marketing ideas, Koroshazi said.
"We also staged mock interviews to prepare our students for the loan board process," she said.
The students enjoy working together, said Seton fifth-grade teacher Christina Roppel. They can develop their own ideas and be creative.
"The students learn a lot about their classmates and working well with their teams," Roppel said. "The students have thoroughly enjoyed creating a business from the bottom up."
Jennifer November said Hudson Montessori School students join the Lemonade Day Club and make a presentation before the loan board to ask for money.
"They price out what it will cost to purchase materials for a lemonade stand, and they come up with the amount for the loan," November said.
Students write a business plan and choose a charity. A portion of their profits will go to the charity, and the rest will be divided among team members.
"They learn business terms, and we talk about how to spend the money and break down the costs for a cup of lemonade and how much profit per cup," November said.
In addition to the stand and lemonade, students learn how to promote their stand to encourage customers to buy from them, November said.
"We try to cover all the facets of the business," November said. "They get to be in charge of making money and spending money. They learn so much."
And when it's all over, they receive an actual paycheck, November added.
East Woods will have 52 fifth-grade students participating in the project, according to teacher Steve VanderSchie.
"The funding for the loan board will be provided by Hudson Community Foundation," VanderSchie said.
The loan board allows students to share their knowledge with someone other than a teacher or parent, VanderSchie said. They have to go before a loan board and borrow money, which they have to pay back.
Teachers help students prepare for the project in the classroom with integrated lessons, VanderSchie said. The art teacher, Nicole Rice, will present a lesson on sign making.
"She'll discuss marketing strategies and the importance of lettering and coloring on the stand's main sign," he said.
In a math lesson, students learn to convert ounces into gallons so students can calculate how much water they'll need to buy, VanderSchie said.
Another teacher, Clare Simmonds, will introduce the concepts of charities and guide them in picking one.
Although students don't ask parents for money for the stand, they assist with shopping trips and supervising the stands.
Residents can help teach entrepreneur lessons by stopping at one or more lemonade stands in May and purchasing a drink.
Lemonade Day NEO, now in its fourth season, is based on a national youth entrepreneurship initiative that supplies young people with learning materials and support to create and run a lemonade stand. A workbook guides students in planning, budgeting, seeking loans, marketing and giving back to the community. In Northeast Ohio, the program is under the leadership of University School and its Entrepreneur Institute with support from the Burton D. Morgan Foundation, Heinen’s and many other supporters. Participation across Northeast Ohio is expected to top 3,000 students during spring 2014.
“We are grateful for the dedicated staff at Entrepreneur Institute for coordinating this powerful learning opportunity for students,” said Deborah Hoover, CEO of the Burton D. Morgan Foundation. “We also thank all the teachers, parents, and community members for embracing the program and making it possible for young people to set up stands and sell lemonade! The program truly highlights the value of youth entrepreneurship education and the potential of engaging the whole community in the learning process.”
Facebook: Laura Freeman, Record Publishing