Apparently the White House thinks enough of our Denver area technical talent to tap into them in an effort to get their thoughts on the development of new government backed programs that are aimed at helping new startups, small businesses and entrepreneurs have a shot at government contracts. Anyone who has ever started a business knows how difficult it can be to not only get your business off the ground but break the barrier to winning large government IT contracts that can make or break a business.
Think you have a great idea for a small business? Well the City of Denver is looking for applicants for its first ever JumpStart Biz Plan Awards coming this fall. The Denver Office of Economic Development announced the competition last week. It is designed to honor the best and brightest in small businesses by recognizing the top ten startups as well as business concepts in their early stages of business planning and development. The top prize is $50,000 in cash and business support services to help the lucky entrepreneur launch his or her brilliant idea.
Often, the most challenging part of starting or growing a business is finding enough money. The economy has been hurting for years, and many investors are reluctant to give money to an enterprise that doesn't seem like a sure bet.
A lot has been said about how the Great Recession has hurt existing businesses. It's been nearly impossible to pick up a newspaper on any given day in the last five years and not see a story about layoffs, bankruptcies, declining sales or credit woes.