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Newton Main Street is looking for interested entrepreneurs who could use dollars to expand and grow their business idea within the Newton Main Street district. The Open 4 Business contest, launched in 2015, is an opportunity for businesses located within a state-designated Main Street district, to compete for a chance to win up to $28,000 in grant funds to assist with a business development or expansion project that will help them grow their business. Businesses must complete an online application and submit a short video outlining their business idea and how it will benefit the local economic climate in their community. A 25% cash match is required. Businesses must have been in operation for at least 1 year to apply. The grant funds are administered by the Iowa Economic Development Authority’s Downtown Resource Center and Main Street Iowa program.
April 7th is our local competition where the winner will receive $750! Each designated Main Street community may submit one local business applicant that could represent Newton at the state competition to be held in Pella on August 1, 2022.
For complete details about this program, please contact Erin Yeager at 641.791.9617; firstname.lastname@example.org or Robin Bostrom, Business Specialist, Iowa Downtown Resource Center/Main Street Iowa at 515.348.6176 or robin.bostrom@iowaEDA.com.
There will also be an informational meeting at 9 a.m. on March 9th at Engage Coworking at Legacy Plaza.