Feb. 26, 2007 -- Visa USA is providing $300,000 to the Young Entrepreneur Foundation, a national program that promotes educational initiatives for young entrepreneurs, the company announced Monday.

The program, which is overseen by the National Federation of Independent Business, a Washington-based small-business advocacy group, seeks to familiarize high school and college students with issues related to small-business ownership.

The grant will help sponsor projects that bring entrepreneurs into classrooms and coach teachers on small-business issues, as well as an online simulation that allows students to experience the challenges of running their own businesses.

"The U.S. economy and our rapidly changing world of new ideas, products and technologies depend upon the entrepreneurial spirit flourishing in America," NFIB President Todd Stottlemeyer said in a statement.

- next -