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Woods County EDC partners to sponsor Launch Local business competition with $1,000 contribution
Summary
The committee approved a $1,000 sponsorship for the Launch Local business-model competition, conditional on the award benefiting a Woods County participant.
The Woods County Economic Development Committee voted to partner with the Launch Local business-model competition, administered by the Northwest Tech Foundation, and approved a $1,000 sponsorship conditional on the prize going to a Woods County entrant.
Staff described the contest as an opportunity for aspiring entrepreneurs and early-stage businesses in Woods County to submit business plans and compete for cash prizes; the minimum prize pool discussed was $10,000. The committee emphasized that the Woods County contribution should benefit a Woods County recipient. Committee members moved and seconded a motion to partner and fund $1,000; the item was approved by roll-call vote with members voting yes (recorded in the transcript: Weaver, Brevard, Steph, Decker, Heather Berg).
Staff said the committee will be listed as a partner on promotional materials and that the committee’s contribution could be either cash or an in-kind partnership depending on final arrangements. The contribution was authorized from the Woods County Economic Development funds.
