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Potential Applicants Learn About The $25K Century Business Challenge
March 4, 2015
About 10 potential applicants attended an organizational meeting Tuesday night to learn about the Century Business Challenge.
The business challenge is a business plan competition in which the winning company will receive a prize package valued at more than $25,000. The Pensacola-based Studer Institute and the Haas Center are sponsoring the competition in partnership with the Florida SBDC at UWF, which is providing business planning software and conducting orientation and workshop sessions for participants.
Prizes for the winner of the Century Business Challenge include space at the Century Business Center on Pond Street at a lease rate of $1 per year, with the possibility of an extension of that rate for two more years based on the company’s performance. They will also receive $25,000 in operating funds from the Studer Institute. And the Century Town Council has recently approved offering the same $1 per year lease rate at the Century Business Center for the second place finisher.
“We do know that not all businesses will go in that space; it’s just an added perk,” Allison Tyler, Century’s economic development coordinator, said Tuesday night. “Regardless, we want to keep those businesses in Century.”
It’s not too late to learn more and submit business ideas for the Century Business Challenge. Another public meeting will be held Tuesday, March 17, and the final application deadline is March 31. After March 31, several closed-door workshops will be held, with a winner expected to be announced on June 25.
The Century Business Challenge is part of an economic development partnership of the Haas Center, the Town of Century and the Studer Institute. Applications and more information about the business challenge can be found at www.CenturyBusinessChallenge.com.
NorthEscambia.com photos, click to enlarge.
Comments
One Response to “Potential Applicants Learn About The $25K Century Business Challenge”
A very informative evening. Well worth the time and the drive.