The Binghamton Local Development Corporation (BLDC) and the SUNY Broome Entrepreneurship Assistance Center (EAC) based at SUNY Broome are launching the annual BLDC-EAP Business Plan Competition, which awards $7,500 in prizes to the best business plans for developing a business in the City of Binghamton. The competition is held online and in person with technical support provided by the Binghamton University Office of Entrepreneurship and Innovation Partnerships located at the Koffman Southern Tier Incubator.
Applications are due April 5, 2023.
The competition which is the longest running in the Greater Binghamton area, seeks to cultivate local business development and promote the entrepreneurial spirit and raise awareness about the EAP training, BLDC financing and other community resources for small business growth.
In 2022, the BLDC increased the prize payout to $7,500 total, awarding $5,000 for 1st place, $2,000 for 2nd place and $500 for 3rd place with gift certificates for the remaining finalists. In addition to the $5,000 cash award, in 2022, the 1st place winner (only) received several additional awards generously donated by Binghamton businesses and organizations.
Business Plan Development Workshop: the 2023 competition offers free online “Business Plan Development Workshops”, March 27–29, 5:00–6:00 pm which features local experts in banking, marketing, entrepreneurship, legal considerations and pitching your business. Applicants are strongly encouraged to complete business start-up or management training with the Entrepreneurship Assistance Center at SUNY Broome OR attend some of these workshops.
Workshop topics are scheduled as follows:
- Business Financing — Mon. 3/27 (5:00 pm – 5:30 pm)
- Marketing Plan & Strategies — Mon. 3/27 (5:30 pm – 6:00 pm)
- Entrepreneurship Mindset — Tue. 3/28 (5:00 pm– 5:30 pm)
- Visualize Your Business — Tue. 3/28 (5:30 pm – 6:00 pm)
- Pitching Your Business — Wed. 3/29 (5:00 pm – 5:30 pm)
For more information, visit: 2023 BLDC-EAP Business Plan Competition
Submitted by: Entrepreneurship Assistance Center