Spring  2008      Vol. 17, No. 2  REAP HOME PAGE  A publication of the Center for Rural Affairs    
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Hormel Foundation Business Plan Contest

The Hormel Family Foundation annual business plan competition will take place on June 6, 2008, at the Hormel Business & Technology Center on the McCook Community College campus. The Hormel Business Plan Competition is intended to encourage existing businesses in McCook, as well as to attract new businesses to the area. Start-ups and existing local business owners are equally welcome to submit their business ideas.

On June 6, a judge’s panel comprised of business and community leaders will once again identify the most promising business plan tailored to the McCook region. The winning entrepreneur or team will receive a $25,000 cash investment and consulting and advertising services valued at $10,000.

In exchange for the $25,000 investment, the Hormel Family Foundation will take a minority stake in the business and will work closely with the winner to maximize the chances of success.

The Hormel Family Foundation is a nonprofit committed to education and business development in McCook, Nebraska. Founded in 1999 by the late Ben F. Hormel, it provided the funding for the Ben F. Hormel Technology Center for Business and Industry on the McCook Community College campus.
The foundation will accept submissions online or via mail this spring. They encourage all those interested in entering the competition to visit www.hormelfamilyfoundation.com or to contact Susan Harris-Broomfield, Project Manager, at 308.340.0856.

Contact: Jeff Reynolds, jeffr@alltel.net for more information.
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