The ER and Org committees are excited to announce the Downtown Business Challenge! This contest is currently under way with 7 business ideas for the Historic District in Downtown Faribault!
Entering the contest required an application and a 1 page narrative that is being reviewed and scored by the sponsors and staff. All ideas for businesses in the Historic District are being considered. Entries that advance to the second round will be offered FREE SBDC counseling and help writing a formal business plan. Those plans will be converted to full business plans and scored again. Next, finalists will move forward and give an oral presentation to the Judging Panel. The highest scoring ideas are those that fit best into the desired business mix in the district, have a solid retail component, and a well organized and sustainable business plan.
Click for the Downtown Business Challenge Entry Form.