Energizing Entrepreneurs Program

Geographic Scope: Boone County, Nebraska

Program Type: Four-step grant program for new businesses

Eligibility:

• Anyone starting a new business located in Boone County
• Business must still be in the planning phase
• Operating businesses are NOT eligible

What They Fund:

• Funds can be utilized in any way the business owner sees fit for their business
• Designed to assist during first three years of business
• Supports all phases of creating and implementing a business plan

What They Don't Fund:

• Operating/existing businesses

Program Details:

• No fine print or secret obligations
• Entrepreneurs receive $5,000 total across four separate payments
• Program provides support from idea phase through first three years of business
• BCDA provides assistance with business planning, financing options, business location, and marketing strategy
• Access to local business owners, community members, and Boone County Emerging Leaders for networking

Contact Information:

• Boone County Development Agency (BCDA)
• 233 South 4th Street, Albion, NE 68620
• Phone: (402) 395-3356
• Email: bcdaadmin@boone-county.org

Application Process

Steps to Apply:

1. Contact BCDA to set up an initial meeting
   • BCDA staff will walk you through the process
   • Discuss other programs that may benefit you
2. Phase 1: Business Planning
   • Draft a business and financial plan
   • Choose your business structure
   • Conduct market research on intended products/services
   • BCDA can assist in transitioning vision into a solid plan
3. Phase 2: Financing and Implementation
   • Work with your local bank to determine financing
   • Fill out the BCDA Energizing Entrepreneurs Application
   • BCDA assists with:
   • Determining loan programs and gap financing options
   • Securing a business location
   • Developing marketing and advertising plan
4. Phase 3: Build Support System
   • Connect with local business owners
   • Engage with community members
   • Participate in Boone County Emerging Leaders networking opportunities
   • Utilize local resources

Required Materials:

• Business and financial plan
• Market research documentation
• BCDA Energizing Entrepreneurs Application
• Evidence of working relationship with local financial institution (for financing determination)

Application Submission:

• Contact BCDA office to initiate the process
• No online portal mentioned; appears to be in-person/direct contact based application