The winner of the National Federation of Independent Businesses (NFIB) Youth Entrepreneur Award for 2008 is Peter Crabtree, 18, from Kingston, WA (population 1,611). Peter started CBC Chocolates when he was only 15 after taking a culinary arts class as a freshman in high school. His company specializes in truffles, which are available in five flavors: Kahlua, Amaretto, Irish Cream, Vanilla and Raspberry.
Crabtree, who grew up on his family’s ranch in Kingston, first started his business in borrowed kitchens in the area until he had accumulated $10,000 to buy his own utensils. Those funds came from showing registered black angus cows because, as he said, “I never got an allowance. Any money I wanted I had to work for.”
He recently introduced a Brew and Wine Series of chocolates (I’m not sure how he does this at this age?) and has several patents pending on new products he intends to introduce. One of those patents is for a chocolate melting machine that he designed with his brother, a West Point engineering graduate.
This fall Peter is headed to Seattle University, not intending to take on any student debt. Care to guess what he is studying? Don’t you just love these Millennial Entrepreneur stories that I’m collecting? What are you doing to encourage entrepreneurs in your hometown? Get on the bandwagon, now!