employee and recipients hold large check

Local bank awards $15,000 to four area businesses

December 7, 2020

(above photo courtesy of the Crosby Journal)

The Bank of Tioga, in partnership with the Tioga Economic Development Corporation, awarded $15,000 to four local businesses on Friday, Nov. 6th as a result of REV, an event helping local business owners ‘ignite’ their business. 

The Bank of Tioga hosts REV, a small business pitch competition, in an effort to reinvest in local businesses and entrepreneurs. With $15,000 at stake, applicants were given 10 minutes to pitch their business ideas, with five minutes for questions from a panel of four judges. Judges included: David Grubb, President and Savanna Hendrickson, Credit Administrative Officer, VP of The Bank of Tioga along with KayCee Lindsey with Divide County Economic Development and Dennis Lindahl with Tioga Economic Development.

As a result Queen Divas Heavenly Maids Cleaning Services, Joyful Living, Haugland Insurance Services and A to Z Grooming were awarded funds from the event.

Queen Divas Heavenly Maids Cleaning Services was awarded $5,000 to help purchase equipment and to get a professional website. Carmel and Virgil’s business has been in high demand among the COVID-19 pandemic. 

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(above photo courtesy of the Crosby Journal)

Joyful Living was awarded $5,000 to assist the remodel of a building to become a long-term wellness center on the main level, the upper story apartments available for rent and the basement a space for yoga and other wellness classes. Rebecca hopes for "the community as a whole to be excited and take ownership of their overall well being." She also wishes for this center to become a place to host events. 

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(above photo courtesy of the Crosby Journal)

Haugland Insurance Services was awarded $3,000 to put a digital sign in the front of their building and additional marketing services. This will also help to advertise the other tenants in the building. 

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(above photo courtesy of the Crosby Journal)

A to Z Grooming was awarded $2,000 to defer some of the costs to expand the pet boarding side of their business.

The Bank of Tioga believes a community’s success is based on the strength of its small businesses which led to the launch of this event in 2017. REV is hosted as a portion of The Bank of Tioga’s commitment to its community, which involves reinvesting 10 percent of its net income locally. In its fourth consecutive year, The Bank of Tioga has reinvested $45,000 to local businesses through this event.

Applications for The Bank of Tioga’s 2021 REV will open next summer. To learn more about REV, visit thebankoftioga.com/rev.

About The Bank of Tioga:
The Bank of Tioga is a community bank that values citizenship, exceptional client service, serving as a business leader in its community. Committed to supporting local organizations, the bank reinvests a portion of their net income back to the community. 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. Branch locations Tioga and Crosby, North Dakota. For more information visit thebankoftioga.com.

About Tioga Economic Development Corporation:
The Tioga Economic Development Corporation (EDC) is dedicated to promoting and expanding the economy of Tioga by working with the private sector to generate jobs and strengthen the economy by attracting business expansion and helping the established businesses that call Tioga home. Their investments in Tioga now are made with an eye towards the future.