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Mason County

Situated along the shores of Lake Michigan, Mason County offers an ideal place to live, work, and play. Mason County is home to green energy, manufacturing, agribusiness, and tourism. Mason County provides the environment for businesses to grow. 
Chamber Alliance of Mason County
119 S. Rath Ave.
​Ludington, MI 49431

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Momentum

The Momentum Business Plan Competition came about as a collaborative effort including Pennies From  Heaven, West Shore Bank, Western Land Services, Ludington Daily News,  Chamber Alliance of Mason County,  and Metalworks. Prize money is provided by supporting sponsors and organizations who share a passion for entrepreneurism and for the Mason County community.
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Mission

To assist business formation in Mason County, Michigan by providing financial resources and mentoring to expedite the startup phase and increase the likelihood of success.
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The Competition

The Momentum Business Plan Competition is administered by the Chamber Alliance of Mason County. The competition is only open to legal residents of the U.S. and the District of Columbia and who are residing therein, and who are age 18 and older as of the time of entry. Upon winning and accepting the Momentum Business Plan Competition, the entrant agrees to locate or relocate business operations within Mason County, Michigan and continue operations in Mason County for a minimum of three years from the date of the award.
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Entrance Requirements

The Momentum Business Plan Competition is open to any eligible independent business venture, either for-profit or non-profit, with a viable business idea, business plan, invention to be marketed, or existing organization or company with under $250,000 in sales or revenue annually.
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Judges

The Board of Directors will serve as judges and may appoint or remove judges at its sole discretion.
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Templates

The Business Outline template is required along with your business plan and financials.  If you do not have current financials then use the S4 Financial Projections (.xlsx), as a starting template.  If you need a starting point or what components make a business plan use the SBA fromat down below.
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business_outline_template_.pdf
File Size: 64 kb
File Type: pdf
Download File

sba_format_-_copy.pdf
File Size: 133 kb
File Type: pdf
Download File

S4 Financial Projections (.xlsx)
File Size: 342 kb
File Type: xlsx
Download File

Rules

Click below to download the Momentum Business Plan Competition rules. (.pdf)
official_rules_momentum_2023.pdf
File Size: 180 kb
File Type: pdf
Download File

Judging Criteria

Business plans will be judged on the following criteria. Those with the highest scores will advance as finalists. 
• Use of market research data
• Passionate and enthusiastic presentation of idea
• Scalability
• Clear Statement of assumptions
• Clear and logical business plan for a launch or expansion with measurable objectives for each stage
• Demonstration of competitive advantage
• Indication of how prize money will be used
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Affidavit and Release

As a condition of becoming a top five finalist, a contestant may be required to execute and deliver to the Chamber a signed Affidavit of Eligibility, which includes an acceptance of Official Rules and a release of liability.
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Confidentiality

The Momentum Business Plan Competition will keep the identities and details of the business plans confidential until the top five entries have been notified. Upon notification of becoming a finalist, the entrant will agree to allow The Momentum Business Plan Competition to release identities and certain elements of the business plan from confidentiality for the purpose of promoting the competition as well as the competitors. Details will be discussed with each of the five finalists so that competitive advantage and intellectual property concerns are respected.
Metalworks
LDN
Chamber
Pennies from Heaven
Score
Western Land Services
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