Tioga bank, TEDC award $10,000 through business event
TIOGA – The Bank of Tioga, in partnership with the Tioga Economic Development Corp., awarded $10,000 to five local businesses on Nov. 7 as a result of REV, an event helping local business owners “ignite” their businesses. In its third consecutive year, The Bank of Tioga has reinvested $30,000 to local businesses through this event.
The Bank of Tioga hosted REV, a small business pitch competition, in an effort to re-invest in local businesses and entrepreneurs. With $10,000 at stake, applicants were given 10 minutes to pitch their business ideas, with five minutes for questions from a panel of four judges.
Black Gold Dance LLC, Hygge Hills, Crosby Self Serve, In the Potter’s Hand Inc., and Northern Prairie Market were awarded funds from the event.
Black Gold Dance LLC, owned by Shavaun and Drew Tonini, was awarded $3,500. The prize money will be used to remodel the old post office in Tioga into a dance studio. They hope to be in the new space by January.
Hygge Hills received $1,750. Owners Lucy and Hank Frandsen will use the funds to build a small tractor-train to transport children and adults around at Hygge Hills and local events such as the Divide County Fair, threshing bee, parades and Christmas Stroll. Hank Frandsen will be building the train himself. Hygge Hills was also awarded REV funds two years ago, which allowed the business to remodel its event building.
Crosby’s Self Serve was gifted $1,750. Plans include new booths, which will augment the atmosphere of the restaurant, according to owners Jerrica Olson and Shelby McDermott.
In The Potter’s Hand Inc. was awarded $1,500. Owners Amy Shaw and Nick Jacobs will use the winnings to assist in their online marketing efforts.
Morgan Jacobs, owner, and Northern Prairie Market walked away with $1,500 to enhance their marketing campaign, which includes a rebrand of their company and the launch of a website. Passionate about providing food that is healthy and raised humanely, the company will develop a website that enables the business to tell its story of how food should be raised, take online orders and interact with customers.
Applications for the The Bank of Tioga’s 2020 REV will open next summer.