2023 Open 4 Business Competition
Main Street Iowa offers the Open 4 Business program to encourage business development in designated Main Street districts. Each spring Newton Main Street will accept applications for interested entrepreneurs who could are looking to expand and grow their business ideas within the Newton Main Street district. The prize potential is $20,000 in grant money (which can be used for inventory, equipment, marketing, computers, software upgrades. It can’t be used for rent, utilities, remodeling, payroll or vehicles).
The Open 4 Business contest launched in 2015, is an opportunity for businesses located within the Main Street district, to compete for a chance to win grant funds to assist with a business development or expansion project that will help you grow your business. Businesses will be required to complete an online application and submit a short video (5-minute maximum time limit) outlining your business idea and how it will benefit the local economic climate in our 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.
Newton Main Street will select one local business applicant to submit to represent Newton at the state competition. If you are interested in applying for this opportunity, you must be located in the Newton Main Street District and have been in business for at least a year.
If you are interested, please contact Erin Yeager at 641-791-9617 or email Erin for an application and more details.
