Open 4 Business offers chance to compete for funding

 

Need a boost to take your business to the next level?

Coming up is your chance to “pitch” your idea and maybe get some help in growing your business.

Main Street Iowa’s Open 4 Business program is looking to jump start business development efforts in Main Street communities including Greenfield with a “Shark Tank” type contest.

The competition is open to for-profit businesses located in Main Street districts.

Greenfield’s Main Street District is comprised of the Public Square to a block north, block west, two blocks south and two blocks east.

The contest aims to provide financial and technical support for businesses that will grow and thrive in the Main Street district.

One winner of the local contest will advance to make a pitch at a regional event, with winners there going on to compete statewide.

Local applications are due to Greenfield Chamber/Main Street May 1. Applicants will make their pitches to a panel of judges May 5-8, and the winner will be chosen by May 15.

The winner will get some local help polishing up his or her presentation before making the regional pitch June 22-25. Winner there receives $8,000. The state contest is Aug. 26 in West Des Moines, with the winner getting $20,000.

Prior to the May 1 local deadline, participants must complete an application about their for-profit business that details how it fills a gap in the Main Street district.

Applications should include financial information such as how the prize money would be used, what current sales are and what expected sales would be. An applicant’s experience and investment will be considered. “It is vital that you have some ‘skin in the game,’” according to Open 4 Business information.

The 15-minute “sales pitch” to the panel of judges may include a PowerPoint presentation, samples, and props, if desired. Presenters are encouraged to be creative and have fun.

The local contest will feature a panel of judges made up of local and non-local judges, said Stacie Hull, executive director of Greenfield Chamber/Main Street. Hull said she is working on a prize package for the winner that will include some local services.

Those interested are encouraged to contact Hull at the Greenfield Chamber/Main Street office for an application, tip sheets and more information. Her email is director@greenfieldiowa.com and her phone is 641-743-8444.

 

Couresty of Tammy Pearson, Adair County Free Press, 3/25/15

funding Adair County contest Main Street Iowa Greenfield Chamber/Main Street Greenfield

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