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 April 9, 2014

$33,000 IN SCHOLARSHIPS AND CASH PRIZES AWARDED at the  2nd ANNUAL BUSINESS DEVELOPMENT CHALLENGE HOSTED BY NASSAU COUNTY COMPTROLLER GEORGE MARAGOS

NEW HYDE PARK HIGH SCHOOL WINS TOP PRIZE OF $10K to HOFSTRA AND ADELPHI PLUS $5K CASH FROM HEALTHPLEX

200 HIGH SCHOOL STUDENTS SHOWCASED BUSINESS PLANS FOR NASSAU VETERANS MEMORIAL COLISEUM PLAZA REDEVELOPMENT

Mineola, NY- Nassau County Comptroller George Maragos hosted the 2nd Annual “Comptroller’s Entrepreneurial Challenge” where 200 business students from High Schools across the County competed for over $33,000 in scholarship and cash prizes from various sponsors. New Hyde Park Memorial High School won the top prize of $10,000 scholarships to Hofstra University and Adelphi University plus $5,000 in cash from Healthplex. The five person team displayed their “Nassau Solar Authority” idea which would provide solar panels to the businesses around the New Nassau Coliseum.

Teams had 10 minutes to convince a panel of expert judges that their business plan would be feasible and successful at the Plaza of the new Nassau Veterans Memorial Coliseum. The event took place at the Theodore Roosevelt Executive and Legislative Building.

“My office has created a competition where the leaders of tomorrow will be challenged today to come up with business ideas that they feel will thrive in Nassau County,” Comptroller Maragos said. “The development around the Coliseum will be one of the largest projects in the County and the Challenge provided students with an exciting opportunity to come up with innovative and youthful business ideas.”

This year students had the opportunity to win $10,000 scholarships to Hofstra University or Adelphi University, Cash Prizes of $5,000 from each Healthplex, and Deloitte, $2,500 from Emblem Health, and $750 from Jzanus Home Care. In all, over $33,000 in prizes.

The winners were;
1st Place New Hyde Park Memorial High School: $10,000 scholarships to Hofstra University and Adelphi University plus $5,000 cash from Healthplex.
2nd place was $5000 cash from Deloitte and the winner was Plainview-Old Bethpage JFK High School  (team name: TRAMPOLINE MACHINE).
3rd place was $2,500 from Emblem Health and the winner was Plainview-Old Bethpage JFK High School (team name: Pawsitively Paradise).
4th place $750 from Jzanus Home Care and the winner was Valley Stream Central High School (team name: Nassau Aqueduct).

All participants and their teachers were treated to pizza from Plum Tomatoes of Mineola, Desserts from Sweet Karma. Winners will also receive trophies thanks to Mineola Trophy.

Also the actual developers of the Coliseum and the surrounding area, Forest City Ratner, will be making a special presentation at the competition during the award ceremony at 1 pm. This group currently operates the Barclay Center in Brooklyn.

Participating Schools:
North Shore High School
Roslyn High School
Freeport High School
Valley Stream Central High School
Baldwin High School
Massapequa High School
General Douglas MacArthur High School
New Hyde Park Memorial High School
Oyster Bay High School
Garden City High School
John F. Kennedy High School - Bellmore
Hicksville High School
Plainview-Old Bethpage JFK High School
Cedarmore Corporation

Judges:
George Maragos         
Anthony F. Libertella Adelphi Univeristy - Dean, Robert B. Willumstad School of Business
Brian Caligiure Hofstra University - Assistant Dean for Administration, Frank G. Zarb School of Business
Michael B. Malloy Deloitte & Touche - Auditor
Bryan Berman Plum Tomatoes of Mineola - Owner
Valerie Vignola Healthplex - Chief Financial Officer
Andrew Hazen LaunchPad
Peter Goldsmith LISTnet

Follow the event on Twitter.com/nccompchallenge and on Facebook.com/nccompchallenge

Connect with Nassau County Comptroller Maragos Online: 
http://www.nassaucountyny.gov/agencies/Comptroller/index.html

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