Q. What types of businesses are NOT eligible?
A. Franchises, multi-level marketing businesses, full service restaurants and businesses being purchased from another party are NOT eligible for the Business Boost Bundle contest. Nor are Charitable or Not for Profit organizations.
Q. I am interested in launching a business with a partner – do we both apply?
A. No, one applicant will apply, but definitely cite that you’re a partnership and note the skills that the other person brings to enhance your idea and potential for success. Mandatory business training sessions for finalists should be attended by both parties.
Q. What expenses are covered by the Business Boost Bundle contest? What expenses would the winners have to cover?
A. The Business Boost Bundle contest winner will receive $15,000 towards rental of retail or office space for a year and/or expansion of business through innovation and growth in new markets, $5,000 towards working capital support or fixed asset acquisition costs, and $2,500 towards branding and marketing services. Winners are responsible for utilities and equipment purchased to operate their businesses.
Q. If I am a finalist, what is expected of me?
A. We expect your active participation and follow-through! You will be required to attend 3 MANDATORY business training sessions. You will also complete a comprehensive Business Plan (with coaching available) and present to the judging panel in a LIVE Facebook finale event on May 27, 2021. Be advised that you may be subject to a background check, including a credit check.