‘Open 4 Business’ contest now open

CC Community Revitalization news release

CHARLES CITY — Do you have a great business idea?  Have you always wanted to own a business in downtown Charles City?  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?

The Business Improvement Committee of Community Revitalization is looking for interested entrepreneurs who could use $28,000 to launch or grow their business idea within the Charles City 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 $28,000 in grant funds to assist with a business development or expansion project that will benefit the local community.  Businesses must complete an application and submit a short video outlining their business idea and how it will benefit the local economic climate in their community. A 25 percent cash match is required.  The grant funds are administered by the Iowa Economic Development Authority’s Downtown Resource Center and Main Street Iowa program.

The deadline for submitting local applications is 5 p.m. Friday, April 27, 2018, to the Community Revitalization office at 401 North Main St. in Charles City. Each designated Main Street community may submit only one local business applicant that will represent them at the sub-state competition held in Des Moines on June 28, 2018. If more than one local application is submitted, the Business Improvement Committee will judge them and select the applicant it feels has the most competitive entry. Sub-state winners will receive $8,000 and advance to the state contest which will be held in Waterloo, Iowa the evening of August 28, 2018.  The state winner could win up to $20,000.

For complete details about this program, please contact Charles City Community Development Director Mark Wicks at (641) 228-2335 or mark@charlescitychamber.com, or Robin Bostrom, Business Specialist, Iowa Downtown Resource Center/Main Street Iowa at 515.348.6176 or robin.bostrom@iowaEDA.com.