Junior Achievement of Southern Colorado announced earlier this month that it is close to completing a nearly $4 million capital campaign that will allow the organization to build its JA Center for Free Enterprise in Old Colorado City.

The Colorado Springs-based nonprofit has raised $3.6 million — with $200,000 left to go — toward the complex, which will house programs such as JA BizTown and JA Finance Park, according to President and CEO Carrie McKee.

The Colorado Springs-based El Pomar Foundation also has awarded the organization with a $200,000 Challenge Grant “in support of naming the Center for Free Enterprise after Karl Flemke, a former Junior Achievement USA President who helped to bring Junior Achievement’s national headquarters to Colorado Springs and served as a greatly respected community leader for numerous organization in the Pikes Peak region,” according to McKee.

McKee said that, when complete, the JA Center for Free Enterprise will house a simulated city that will host its BizTown and Finance Park Programs. BizTown is a program in which 5th-grade students will emulate the roles of adults in the community, while the Finance Park is a program in which 8th-grade students will be put in “a real-life scenario involving a job, salary, and family situation students make and revise decisions to end the day with a balanced budget,” according to McKee.

Both programs will have access to state-of-the-art technology due to a $100,000 grant from Hewlett Packard Enterprise and the HPE Colorado Springs Site Council.

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“This provision of technology is the single largest HPE grant of its kind to any JA in the country,” according to McKee.