CLARKE COUNTY BUSINESS PLAN COMPETITION HEADS INTO IT’S SECOND YEAR WITH $100,000 PRIZE
For more information contact:
CLARKE COUNTY DEVEOPMENT CORPORATION
Bill Trickey, Executive Director
641-342-2944
wmtrickey@clarkecountyiowa.com
Osceola, IA – June 14.
Spurred by continued high unemployment (8.6% in April compared to 6.4% a year ago), Clarke County development Corporation and the Clarke County Foundation are continuing their Business Plan Competition. The competition will also encourage young entrepreneurs to stay and set-up businesses in South Central Iowa, thereby decreasing the continuing “brain drain” problem that Iowa has struggled with in the past.
According to a recent study completed by the Kauffman Foundation, US small business employs more than 50 percent of the population. CCDC and the Foundation have a desire to create jobs, decrease unemployment and increase the business vitality in the area.
The competition awarding a prize of $100,000, will give preference to start ups or expansions that are involved with advanced manufacturing, information technology or bio science. The cash prize will be paid out in four annual installments to insure the company locates in Clarke County and stays in business.
CCDC and The Foundation believe that Iowa is a great place for entrepreneurs. In a recent study conducted by CNBC, the state of Iowa ranked fourth overall in the Top States for Business in 2009. Criteria included: cost of doing business; workforce; quality of life; economy; transportation and infrastructure; technology and innovation; education; access to capital; and cost of living. Iowa's economy ranked fourth overall in the category, and the state ranked first in the cost of doing business category.
Letters of intent will be received beginning on September 14, 2010 and business descriptions are due by October 5, 2010. Finalists will be notified on October 29th and Business Plans will be due December 31, 2010. The winner will be announced January 25, 2011 at the annual dinner of the Development Corporation.
For additional information contact the Small Business Development Center at 641-782-1483 or the Clarke County Development Corporation at 641-342-2944. Or email us at info@clarkecountyiowa.com.