Beacon of Hope Youth Foundation
The SoCE Law

The SoCE Law (Arkansas Minor Microbusiness Act), which would allow youth to operate minor microbusinesses earning up to $10,000 annually without unnecessary regulatory barriers, while ensuring parental oversight, locked savings, tax compliance, and waived franchise taxes.

DID YOU KNOW?

  • 60% of Gen Z wants to start their own business (Gallup & Intuit study).

  • Youth who participate in entrepreneurship programs are 3x more likely to own businesses as adults (NFTE Research).

  • Entrepreneurial education improves problem-solving, leadership, and financial literacy.

  • Young entrepreneurs often reinvest locally, boosting community economies.

Why Arkansas Needs This Law Now

Arkansas currently has no statewide protections for minor-run businesses. Missouri, Kansas, Nebraska, and Colorado have “lemonade stand” laws, but Arkansas can lead with a structured, safe approach that builds financial literacy and entrepreneurial skills, at zero cost to the state.
Download SoCE Law Packet

PROGRAM HIGHLIGHTS

Proclamation from Governor Sanders 

The Governor of Arkansas issued an official proclamation naming July as Beacon of Hope Children’s Business Fair Month, recognizing the young entrepreneurs who are learning, earning, saving, and investing in their futures through our programs. These recognitions affirm the importance and impact of creating equitable opportunities for youth to succeed.

 Print Proclamation

Children's Business Fair 

The Children's Business Fair Initiative is a platform for youth entrepreneurship, advocacy, and resources. The business fair is more than just a marketplace, it’s a ecosystem for youth to develop vital life and leadership skills including team building, conflict resolution, money management, and business development. 


 Youth Business Sign-Up

Official Endorsement Letter 

We are seeking endorsements from respected organizations whose missions align with youth development, education, financial literacy, community empowerment, or economic opportunity.  Download the letter and email it back to us at tiara@beaconofhopeyouthfoundation.org

 Download Endorsement Letter

EMPOWER YOUR JOURNEY

Join our mentoring program or become a life coach and help youth write a new chapter in their lives.
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