Kerkhoven EDA Launches $12,500 "Jump-Start Kerkhoven" Business Plan Contest
Monday, May 13, 2019
Kerkhoven EDA Launches $12,500
“Jump-Start Kerkhoven” Business Plan Contest
The Kerkhoven Economic Development Authority has officially launched its “Jump-Start Downtown” business plan competition – which is designed to identify and assist with the start-up of a new business on Kerkhoven’s Main Street. With over $12,500 in prizes, potential to take ownership of a downtown building, the contest is one of the largest of its kind.
Prizes include $10,000 in start-up capital, $2,500 in marketing consultation and services, free Small Business Management classes, on-going business coaching & mentoring, free business checking, and more!
Any type of business is eligible, so long as it meets the zoning requirements of downtown.
Taking its inspiration from television talent shows, the contest will unfold over three rounds: In Round 1, a one-page business proposal is due at the Kerkhoven City offices on June 3rd. A panel of small business experts will review all proposals and invite the most promising entries to complete in Round 2, in which a full-fledged business plan is due by July 8th. Finalists chosen to participate in Round 3 will have one week to prepare for an oral presentation to the judges’ panel, which will take place on July 22nd. The winner will be announced immediately and will have to open their new business on Kerkhoven’s Main Street by January 20th.
For additional information on this press release, please contact
Kerkhoven City Clerk
208 North 10th Street
P.O. Box 116
Kerkhoven, MN 56252
Category: Kerkhoven, Business Development, Starting a Business, Economic Development, Kerkhoven EDA, Incentives