About BestPrep > History

BestPrep was founded in 1976 after a successful three-year pilot project led by Bob Kaitz, then an economics teacher at Breck School. Founding members who provided funding and volunteers included 3M, Cargill, Ecolab, General Mills, and Peavey. These five companies recognized the importance of helping students improve their understanding of and attitude toward business as well as helping students better prepare for their futures.

The pilot project was the forefront of what later became a national trend in which educational institutions, businesses, labor, government and social service formed partnerships for the purpose of educating students about marketplace economics.

More than thirty years later, BestPrep's programs have reached over one million students. Many of these students, including those from economically disadvantaged backgrounds, have gone on to successful careers and lives. BestPrep's success can be credited to an entrepreneurial spirit and represents a classic example of what can be accomplished when business and education work together.

Throughout its history, BestPrep has sought out programs that address identified business related needs while making learning about economics, business and financial literacy exciting! BestPrep’s flagship program, Classroom Plus, enriches classroom curriculums through volunteer speakers and tours. In 1981, Minnesota Business Venture was introduced to provide high school students with an intensive business experience through a weeklong summer program. Minnesota’s Stock Market Game began in 1991 to improve the financial literacy skills of students in grades 4-12. The Securities Industries Association chose BestPrep to coordinate this national program based on BestPrep’s track record of commitment to improving the business and financial savvy of students. More recently, the TECH CORPS program was implemented to offer educators the opportunity to enhance the technology skills of students and schools.

BestPrep works with a number of partners that improve the strength and quality of programs. Current partners include the Minnesota Bankers Association, St. Cloud State University, St. John’s University, Carlson School of Management, Attorney General’s Office, Minnesota Department of Economic Securities, La Oportunidad, St. Paul Connections, Securities Industry Association, Financial Planning Association, and Admission Possible to name a few.

Clear and consistent leadership has been a true asset to BestPrep. Bob Kaitz, the President and CEO, has been involved since the beginning – starting with coordinating the pilot project at Breck School in 1976. His continued involvement and passion for teaching students about business is a telling sign that BestPrep will only grow in the years to come.