Open 4 Business Contest Now Open
Do you have a great business idea? Is your current business planning to expand services or add a new product line? Do you have a piece of equipment you wish you could purchase for your business or add online service and marketing?
Main Street Fort Dodge is looking for interested entrepreneurs who could use $20,000 to expand and grow their business idea within the Fort Dodge Main Street District. The Open 4 Business contest, launched in 2015, is an opportunity for businesses located within a state-designated Main Street district, to compete for a chance to win up to $20,000 in grant funds to assist with a business development or expansion project that will help them grow their business. Businesses must complete an online application and submit a short video outlining their business idea and how it will benefit the local economic climate in their community. A 25% cash match is required. Businesses must have been in operation for at least 1 year to apply. The grant funds are administered by the Iowa Economic Development Authority’s Downtown Resource Center and Main Street Iowa program.
Main Street Fort Dodge is holding a local contest for existing businesses within the Main Street District. The local winner will receive $250. The business should fill a gap that currently exists within our district. The deadline for local applications is April 15. There will be a live contest pitch at the end of April.
Business will be required to complete an online application and submit a five minute “video pitch” about their business idea. The video pitch is a simple video that tells about the business and how they would invest the Open 4 Business grant funds to help expand and grow their business. Videos will be judged on content and can be recorded with a smart phone. Videos cannot exceed 5 minutes. Be creative and have fun!
Each designated Main Street community may submit one local business applicant that will represent Fort Dodge at the state semi-final competition held in Des Moines on June 27, 2019. Five finalists will win $8,000 technical assistance grant. Local businesses could win the grand prize, up to $20,000 to help support their business expansion idea.
For complete details about this program, please contact Kris Patrick at or call 515- 573-3172 or Robin Bostrom, Business Specialist, Iowa Downtown Resource Center/Main Street Iowa at 515.348.6176 or robin.bostrom@iowaEDA.com.
For more information contact:
Kris Patrick, Main Street Fort Dodge 24 N 9th Street Fort Dodge, IA 50501 Telephone: 515-573-3172