The City of West Des Moines, the Mid Iowa Small Business Development Center, and the US Department of Housing and Urban Development recently announced that they are accepting applications for their business plan competition.
Top prize in the competition is a seed capital award of $25,000, prizes of $15,000 and $10,000 are also available. Entrants are subject to the following criteria (as quoted from the flyer on the city’s website, wdm-ia.com):
- Business in operation less than four years or a new startup business
- Business must be located in West Des Moines or willing to relocate to West Des Moines
- Business Plan must be submitted by a legal adult and a legal resident of the United States. If under 18 years of age, a plan may be submitted with the signature of the parent or guardian.
- Applicants must be less than 80% of the HUD median income guidelines
Applications are due by July 1, 2010.
For more information on the competition and associated programs, see our March 2, 2010 interview with Christin Gordon of the city’s Community and Economic Development Department.
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