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Applications Sought For 2009 Governor's Giant Vision Business Competition

October 1, 2008, 3:51 PM

Applications are being sought for the 2009 Governor's Giant Vision Business Competition, which will be hosted by the South Dakota Chamber of Commerce and Industry and offers $45,000 in prize money. The winner will be awarded $20,000. The two second place awards are $10,000 each and the two third place awards are $2,500 each.

The Governor's 2010 Initiative has brought a sharp focus on advancing the economy and retaining the state's young people. This competition is offered to show new entrepreneurs that South Dakota is serious about helping business, creating opportunities and proving to young people that they can have any future they desire right here at home.

In addition to cash awards, the competition will bring people with new business ideas together with judges and other invited guests who have business development experience and several who have a capacity to make venture investments.

Sponsors of the 2009 event are Governor Mike Rounds; Black Hills Corporation of Rapid City; Christiansen Land & Cattle, Ltd of Kimball; Dacotah Banks of Aberdeen; Daktronics, Inc. of Brookings; Home Federal Bank of Sioux Falls; South Dakota EPSCoR of Brookings; Toshiba America Business Solutions of Mitchell; US Bank of Sioux Falls, Aberdeen and Rapid City; and Wheeler Manufacturing of Lemmon.

Those entering the Governor's Giant Vision Business Competition will submit a written business plan. The competition is open to all South Dakotans. The judges give heavier weight to business opportunities that would advance South Dakota employment or the South Dakota business base. Existing businesses may apply only if the proposed opportunity is a significant departure from their previous business and if the prize award would significantly advance the execution of the opportunity. Previous winners may not apply again for the same idea. The focus of this program is on the business plan or business model and is not limited to technology entries.

The South Dakota Chamber of Commerce and Industry is also hosting the third annual Governor’s Giant Vision Student Competition. South Dakota college, university and technical school students are encouraged to apply in this category for prize money ranging from $3,500 for first place, $2,500 for second, $1,000 for third, plus a qualifier’s prize for the remaining qualifying entries. The student competition is underwritten by Governor Mike Rounds and Citibank of Sioux Falls.

Applications must be postmarked by February 27, 2009. The final competition and awards event will be held Thursday, April 16, 2009 at the Washington Pavilion in Sioux Falls. Call the South Dakota Chamber of Commerce & Industry at 1-800-742-8112 to request an application packet, or view online at www.sdchamber.biz.

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