Applications open for The Bank of Tioga annual REV business pitch competition
Tioga, ND, July 1, 2021 – The Bank of Tioga has partnered with Tioga Area Economic Development Corporation to announce REV, a small business pitch competition that will be held on Friday, November 5, 2021. Entrepreneurs and business owners will have the opportunity to pitch to a panel of judges to win up to $15,000 to grow their business.
Applicants will be judged on their pitch, marketing, personal investment level and exit strategy.
The bank and Tioga EDC will accept up to five businesses into the competition. Entrants will have 10 minutes to pitch their business concepts to a panel of four judges, followed by questions from the judges, made up of bank officials and other area business and development stakeholders.
This year’s event will be held on Friday, November 5 at the Tioga Theatre. Additional event details will be shared at a later date.
The Bank of Tioga started REV five years ago in an effort to spur economic growth and encourage business owners to continue pursuing their dreams. To date, the bank has awarded $45,000 to multiple winners.
“We invite businesses to pitch their current or future business concept for a chance to win actual money. Our sole mission is to create community prosperity in all the communities we serve,” said The Bank of Tioga President, David Grubb.
Last year’s winners include: $5,000 to Queen Divas Heavenly Maids Cleaning Services to help purchase equipment and to get a professional website; $5,000 to Joyful Living to assist the remodel of a building to become a long-term wellness center on the main level, the upper story apartments and the basement a space for yoga; $3,000 to Haugland Insurance Services to put a digital sign in the front of their building and additional marketing services; and $2,000 to A to Z Grooming to defer some of the costs to expand the pet boarding side of their business.
The application deadline is October 5, 2021. To apply, visit thebankoftioga.com/rev and download the PDF application. If you have any questions, please reach out to David Grubb at The Bank of Tioga at 701-664-3388.
About The Bank of Tioga: At The Bank of Tioga, we IGNITE PROSPERITY® by helping our clients do more with their money. Whether it’s saving a little extra cash each month or accomplishing a long-term strategy, our goal is to help you transform your financial life. The Bank of Tioga was chartered in 1951 and was acquired by TS Contrarian Bancshares Inc., an affiliate of TS Banking Group in 2014. With $350 million in assets, The Bank of Tioga is committed to supporting local organizations and reinvests a portion of its net income back to the community. Branch locations include Tioga and Crosby, North Dakota. For more information visit thebankoftioga.com.