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The Hormel Family Foundation Sponsors Business Plan Competition for McCook, Nebraska Entrepreneurs

The Hormel Family Foundation has announced that its 2007 Hormel Business Plan Competition will be on June 15 at the Hormel Business and Technology Center on the McCook Community College campus.

The competition is intended to become an annual event.

On June 15, a judges’ panel comprising business and community leaders will identify the most promising business plan.

The winning entrepreneur or team will receive a $25,000 investment, as well as consulting services valued at $10,000.

In exchange for the $25,000 investment, the Hormel Family Foundation will take a minority stake in the business, and will continue to stay integrally involved.

Full story: http://www.mccookgazette.com/story/1196446.html

The foundation’s web site includes a good set of rules and guidelines for the competition. http://www.hormelfamilyfoundation.com/rulesguidelines.html

(Thanks to Ed Morrison for passing these along. Russ)

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