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Saint Thomas Academy Senior Wins Federal Reserve Essay Contest, Prestigious Paid Summer Internship and $500

Saint Thomas Academy senior Jordan Young of Inver Grove Heights has won the Federal Reserve Bank of Minneapolis 33nd Annual High School Essay Contest and along with it a $500 cash prize and a paid summer internship at the Federal Reserve Bank.

The annual contest encourages high school students to study key issues relating to economics. This year’s contest challenged students to answer the question, "What, if anything, should the federal government do to alleviate the persistent economic disparities faced by African-Americans?" Young's essay suggested the government embark on a policy initiative that includes using microloans to revitalize low-income communities. Young's winning essay beat out hundreds of others submitted by both private and public high school students in the 9th Federal Reserve district.

Each year, Saint Thomas Academy Economics Teacher Dean Simmons includes the essay assignment in his Advanced Placement economics class. Young is the fourth winner of the essay contest from among Simmons’ students.

In addition to Young, five additional seniors were chosen among this year's 30 finalists:
•    Nolan Andres of Mendota Heights
•    Thomas Hedman of Saint Paul (Mac-Groveland)
•    Ted Lawder of Mendota Heights
•    Christopher Peters of Woodbury (Wedgewood)
•    Daniel Staelgraeve of Saint Paul (Mac-Groveland)

Each of the finalists and Simmons received a $100 cash prize.

For additional information on the essay contest, including a full list of finalists and links to the winning essays, visit:

About the Federal Reserve Bank of Minneapolis
The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.