City Of Fort Worth: Top 20 Named For 2022 Fort Worth Business Plan Competition

Dallas TX

10 February, 2022

4:59 PM

Description

Press release from City of Fort Worth: February 10, 2022 The field has narrowed in the 2022 Fort Worth Business Plan Competition, with 20 competitors moving on to participate in several weeks of business development workshops, mentorship opportunities and pitch practice with local partners. The competition is a celebration of Fort Worth's entrepreneurial spirit, and serves as both a showcase and a training opportunity for the city's emerging small businesses to help set them up for long-term success. Once the Top 20 complete their training, they will use it to create a comprehensive business plan. The plans will be judged, and the Top 8 will have an opportunity to pitch their businesses to a panel of judges at the Finale to determine the prize winners. The 2022 competition is once again sponsored by Frost Bank. Cash prizes will be awarded to the top three finalists, with $10,000 going to first place, $5,000 to second place and $3,000 to third place. "Bringing back this beloved local competition after the pandemic has been incredibly exciting for everyone involved – businesses, sponsors and partners," said Robert Sturns, director of economic development for the City of Fort Worth. "It's always incredibly fulfilling to see these businesses grow, build relationships, and make an impact on their community based on their time together during this competition." This year's cohort also reflects the diversity of Fort Worth's growing small-business community, as half of the Top 20 businesses are certified minority-owned businesses, and 40% are women-owned businesses. All Top 20 businesses are either based in Fort Worth, or have previously been mentored by one of the competition partners. The finale of the 2022 Fort Worth Business Plan Competition will be held Thursday, May 5, at the Modern Art Museum of Fort Worth as part of National Small Business Week. More information and registration information will be available soon.     Get articles like this in your inbox. Subscribe to City News.   This press release was produced by City of Fort Worth. The views expressed here are the author's own.