What am I competing for?
The DOED and 610 Craghead LLC are seeking proposals to fill a 1,700 +/- sq ft commercial space in a brand new development called The Continental. Located just across the street from The Crossing at the Dan*, this complex will house 40 two-bedroom market rate apartments in Danville’s Historic River District. We are looking for a product or service based business that will compliment the more than 500 residential units and businesses throughout this district.
*The Crossing at the Dan campus is comprised of the Carrington Pavilion (an outdoor amphitheater that hosts concerts throughout the year), the Danville Science Center (featuring the Estelle H. Womack Natural History Museum and new digital dome), the Community Market (home to the local farmers market and a number of events throughout the year), the Pepsi Building (meeting and event center), and trailhead for the Riverwalk Trail (over nine miles of paved biking/walking trail).
| What will I win? The winner of this competition will be granted a 36-month lease term in the commercial space at The Continental.
The DOED will also be granting up to $50,000 in investment capital to be used towards the establishment of this business. (The winner will have to sign a performance agreement with the City of Danville in order to receive grant funds.)
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The contestant who submits the strongest and most feasible business plan will win the prize. Only one prize will be awarded. Entries will be judged by a panel from the DOED and 610 Craghead LLC.
Be sure to read the rules below completely before submitting your entry.
May the most promising entrepreneur win!
How to win:
- Send us your completed business plan.
- Email your business plan to Corrie.Teague@danvilleva.gov with the subject line "610 Craghead Business Plan Submission – [Your Name]" or complete the online application and attach your business plan to the application.
- To be considered entries must include the following information: Participant's first and last name, email address, mailing address, telephone number, and the source from where you learned about the contest.
- All entries must be received by 11:59 p.m. ET on March 9, 2015.
- All decisions made by the Danville Office of Economic Development and 610 Craghead LLC are final and not subject to appeal.
- Before the prize is awarded, all information submitted in the application email will be verified. If ANY false or misleading information has been submitted, the participant will be disqualified without notification.
- Only one unique entry per participant.
- The strength and feasibility of the business plan, type of business and value it will bring to the River District, and your ability to secure additional capital required from outside sources for the business venture will be considered during the evaluation process.
Important Contest Dates:
Deadline for Receipt of All Entries: March 9, 2015, at 11:59 p.m. ET
Announcement of Winner: March 31, 2015
A judging panel of four will review all submissions and subjectively select one contest winner on or about March 24, 2015. The selected contest winner will be notified by the email address they provided. The contest winner will be posted on www.discoverdanville.com and released to the public on March 31, 2015.
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