584 Phoenix Drive
Rome, New York 13441
For immediate release:
Monday, October 3, 2011
EDGEccelerator Business Competition, presented by NBT Bank begins;
$20,000 Grant plus a loan up to $50,000
Growth-oriented businesses in Oneida and Herkimer Counties with an innovative business proposals are being sought to enter EDGEccelerator Business Competition, presented by NBT Bank.
The winner of the competition will receive a cash award of $20,000 and based on the project proposal will receive a loan up to $50,000. The winner of the contest will be announced in February 2012.
Manufacturing, industrial, wholesale, technical, and scientific companies are encouraged to apply to this competition. It is open to companies in Oneida or Herkimer County with less than $5 million in annual revenue, less than 50 employees. Entries to the Competition must be submitted by Friday, December 2, 2011.
“The EDGEccelerator Business Competition allows EDGE to do more of what it does best- help small, local companies. The best part is that every entry will be reviewed by the EDGE Loan Committee and regardless of the competition results may qualify for an EDGE loan” said Steve DiMeo, President of Mohawk Valley EDGE.
Sponsors of the EDGEccelerator Business Competition are: NBT Bank; The Community Foundation of Herkimer and Oneida Counties, Inc; MVATC; Mohawk Valley Business Journal; NYBDC; NY Small Business Development Center at SUNYIT and Utica Industrial Development Corp. (UIDC).
“Without the support of our generous sponsors, this competition would not be possible” said Shawna Papale, Sr. Vice President, Mohawk Valley EDGE. “NBT Bank, NYBDC and The Community Foundation of Herkimer and Oneida Counties have shown their commitment by helping fund the Grant prize while UIDC and MORECO are participating with EDGE for the Loan prize”.
Complete rules and applications for the EDGEccelerator Business Competition, presented by NBT Bank are posted on the EDGE website at www.mvedge.org.
Contact: Mary Rizzo Bonney (EDGE), 338-0393