Entrepreneurial/Small Business Development Programs

Entrepreneurial/Small Business Development Programs

Venture Project Component of the Community Economic Betterment Account (CEBA)
The Venture Project Component of CEBA makes equity-like investments of up to $250,000 to start-up and early-stage businesses.

Entrepreneurial Ventures Assistance (EVA)
The Entrepreneurial Ventures Assistance (EVA) program provides financial and technical assistance to early-stage technology companies. An eligible business must be located in Iowa and in an industry sector offering the greatest start-up and growth potential for the state, including but not limited to: biotechnology, recyclable materials, software development and computer related products, advanced materials, advanced manufacturing, and medical and surgical instruments. To qualify, applicants must have completed or must be participating in entrepreneurial training from a John Pappajohn Entrepreneurial Center, or have comparable training and/or experience. Businesses engaged in retail sales, the provision of health care or professional services, and distributors of products or services are not eligible for EVA funds. Financial assistance of up to $50,000 may be awarded for the purchase of machinery and equipment, and other business acceleration expenses.

Targeted Small Business Financial Assistance Program (TSBFAP)
The TSB Financial Assistance Program is designed to assist in the creation and expansion of Iowa small businesses that have an annual gross sales under $3 million and are at least 51 percent owned, operated and managed by women, minorities or persons with a disability.

Self-Employment Loan Program (SELP)
This program is designed to assist in the creation and expansion of businesses owned, operated and managed by women, minorities, or persons with a disability. To qualify for a SELP loan, applicants must have an annualized family income that does not exceed current income guidelines for the program.

Entrepreneurs With Disabilities (EWD)
The EWDI program helps qualified individuals with disabilities establish, acquire, maintain or expand a small business by providing technical and financial assistance. To be eligible for the program, applicants must be active clients of the Iowa Department of Education Division of Vocational Rehabilitation Services or the Iowa Department for the Blind.

For more information on State of Iowa Entrepreneurial/Small Business Development Programs, visit the Iowa Economic Development Authority's website.

News

FedEx Launches Seventh Annual Small Business Grant Contest

Posted: Wed, February 20, 2019

FedEx Launches Seventh Annual Small Business Grant Contest

$220,500 in Total Cash and Prizes Up for Grabs in 2019 Contest


MEMPHIS, Tenn., February 19, 2019—FedEx Corp. (NYSE: FDX) today announced the launch of its seventh annual Small Business Grant Contest. This year, the contest offers grants and services to ten U.S. based small businesses, distributing a collective prize pool of $220,500—the largest sum since the contest was established in 2012. In addition to the grants, winners will also receive an additional dollar amount in credit to use towards FedEx Office print and business services to help run their businesses, as well as packages designed to help them with website optimization, design thinking, social media, and print expertise. Specifically, the 2019 FedEx Small Business Grant Contest prize packages include:

       Grand prize: One (1) winner of $50,000, plus $7,500 in FedEx Office® print and business services

       Silver prize: One (1) winner of $30,000, plus $5,000 in FedEx Office print and business services

       Bronze prize: Eight (8) winners of $15,000, plus $1,000 in FedEx Office print and business services

"We know it's difficult for even the most promising of small businesses to grow and scale, especially at the beginning of their lifecycle" said Scott Harkins, senior vice president, Customer Channel Marketing at FedEx. "That's why we are proud to offer our top ten winners so much more than just the funds to help them grow their businesses. This year, our winners will receive much needed expertise and advice on some of the most fundamental and critical aspects of building a viable and sustainable business - and we will stay on with them as a trusted advisor as they take their businesses to the next level."

The 2018 contest garnered nearly 665,000 votes and attracted more than 7,800 candidates from across the United States. Grand Prize winner Rumi Spice, a small Chicago-based business that sources and brings to market premier saffron from the fields of Afghanistan, was founded by former Army officer Keith Alaniz and two friends who, while serving in the war-torn country, realized the need to provide economic alternatives to opium farming for the Afghan people. In the year since they took home the grand prize in the FedEx Small Business Grant Contest, Rumi Spice has used their winnings to greatly improve their supply chain logistics, as they transport the saffron out of Afghanistan and bring it to Chicago where it is then packaged and sent to Michelin star restaurants and consumers all over the US.

 Over the past seven years, 24,000 businesses have entered the contest in the United States alone. The contest has now grown from one country to eleven countries and the grant pool for the US contest has grown from $50,000 to $220,500 in total cash prizes.

The 2019 FedEx Small Business Grant Contest is open to U.S.-based for-profit small businesses that have less than 99 employees and have been operating for six months or more. To enter, participants must visit www.fedex.com/grantcontest and enter their contact information, write a short profile about their business and upload four photos of their business or product, including their logo. While not required, participants also have the option of submitting a 90-second "elevator speech" video to supplement their entry.

The contest entry period is open from February 19 to March 25, 2019, with voting to take place from February 27 to April 1, 2019.  Following a judging period, winners will be announced on April 29, 2019 at www.fedex.com/grantcontest.
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New Hampton Showcase of Homes

Posted: Mon, January 21, 2019

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Thanksgiving Garbage Pickup

Posted: Fri, November 16, 2018
Garbage pickup for the week of November 12th is as follows:
Tuesday's Residential will be normal (Nov. 20)
Thursday's Residential will be moved to Wednesday, Nov. 21st. Please have all materials out by 5:00am for collection. Happy Thanksgiving!
... [ Read More ]
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