|For Immediate Release
|May 20, 2010
||Contact: Charles Evenson
Governor Doyle Congratulates Winner of First-Ever Finance
and Investment Challenge Bowl
Team from Wilmot High School Wins Statewide Competition
(Madison) A team from Wilmot High School in Kenosha County yesterday
won the first-ever Wisconsin Finance and Investment Challenge Bowl® (FICB).
The FICB promotes financial literacy using a quiz show format to test
students’ knowledge of credit, personal finance, investing, entrepreneurship
and economics. The event was held at Grainger Hall on the UW-Madison’s
“Financial literacy is critical to the state’s future and
I am pleased to see so many students involved in the Finance and Investment
Challenge Bowl,” Governor Doyle said. “I congratulate the
Wilmot High School team on winning the competition and encourage all
students and residents to continue to develop a strong foundation for
financial literacy that will lead our state into the future.”
Eight teams from four regions competed. They included Madison West and
LaFollette (Madison Region); Phillips and DC Everest (Wausau Region);
Pius XI and Wilmot Union (Milwaukee) and Bowler (two teams from Shawano/Menominee).
All had been first or second place winners in their respective regional
FICB competitions. The Wilmot team members received plaques and took
possession of a newly minted traveling trophy.
The FICB offers an interactive way to teach high school students personal
finance, economics, entrepreneurship and investing subject matter. Study
materials for the competition, which were developed to complement the
Department of Public Instruction’s Social Studies and Economics
learning standards, may be found at the www.ficbonline.org website. David
Mancl, Director of DFI’s Office of Financial Literacy served as
“The Finance and Investment Challenge Bowl, which is offered in
cooperation with school districts around the state, is a great way to
educate students and allow them to demonstrate their knowledge in a fun
and competitive atmosphere,” said Richard Entenmann, President
of Asset Builders of America that created the FICB.
“The students really enjoyed competing against their regional
peers, and we thought it would be fun and useful to have the statewide
winners meet and compete to establish a statewide champion,” said
DFI Secretary Lorrie Keating Heinemann.
FICB builds on the state’s efforts to build financial literacy
under Governor Doyle’s leadership. In early 2005, Governor Doyle
formed the Governor’s Council on Financial Literacy to advise and
implement efforts to improve financial literacy in Wisconsin. Four years
ago, in partnership with the Federal Reserve Bank of Chicago, the council
launched the first-ever statewide campaign in the country to promote
financial literacy – Money Smart Week Wisconsin. To date, Money
Smart Week has helped nearly 43,000 students, homeowners and others learn
critical money management skills. This year’s Money Smart Week
is set for October 2 through October 9, 2010.
M&I Bank, the Educated Investor and the DFI sponsored the event.
For more information about the FICB contact David Mancl at 608-261-9540
or email him at email@example.com.