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Business plan competition under way

MARQUETTE – Upper Michigan and Northern Wisconsin residents will have a unique opportunity to enhance our business community this year. The UPWard Initiative Business Plan Competition is being rolled out throughout the region once again.

The fourth annual UPWard Initiative Business Plan Competition has been designed to encourage entrepreneurs to explore new ideas and start new businesses in the Upper Peninsula. Additionally, existing businesses with new ideas are welcome to apply.

The three previous winners of the competition took home $5,000 to invest in their business in addition to receiving many added services that helped their business grow.

The contest will run from now to Nov. 30, 2015. The winner’s award will be presented at the Operation Action UP Annual Meeting in January 2016. For more information and guidelines for submissions visit www.upwardinitiative.org or call Holly Peoples at (906) 280-2441.

The plan is part of the UPWard Initiative which is a call for collaboration among private and public sector leaders, throughout the Upper Peninsula of Michigan and two adjoining Wisconsin Counties. The initiative is a collaborative effort of the private and public leaders of the Upper Peninsula of Michigan and adjoining Wisconsin counties to align and promote the region’s resources, expertise and creativity in order to sustain and grow the region’s economy.

The competition is open to all residents in the Upper Peninsula, Marinette and Florence Counties. Competition winners receive startup seed capital, as well as mentoring services and media exposure.

This region wide contest is an opportunity to compete for cash and in-kind prizes, but it’s also a chance to get constructive feedback on your business plan and to help move it from a virtual business to a reality

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