Small Business

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Local entrepreneurs have a chance to compete for funding, free space and mentoring through the Small Business Investment Forum business plan competition. Sponsors for this year's program include City of Martinsville, Martinsville-Henry County Chamber of Commerce, West Piedmont Business Development Center, HD Web Studio, Patrick Henry Community College, King Properties and the EDC's Small, Minority & Entrepreneurial Division.

The competition consists of two rounds, with Round One being the review of each applicant's business plan by a panel of judges. Round Two of the competition begins after the judges select the best business plans and mentors are assigned to the business owner to assist with refining the business plan and preparing an oral presentation. Judges will then select winners and assign mentors to work with them over the next year.

2012 SBIF winner Information Analytics Management has created 6 new jobs. Owner Terrilan House stated "The SBIF contribution and mentorship gave me the tools to build my business on a stable foundation and help make my business sustainable." 

Another winning participant, Sharon Sleeper of Mollies Originals, touted "The sound business advice, financial backing, and training opportunities offered by SBIF have helped our business grow exponentially." Mollies Originals has secured local and state contracts.

Casting Logos Direct was also a 2012 awardee and created  9 jobs. Since its launch in 2008, the SBIF has awarded 15 businesses over $68,000.

These businesses have collectively created 35 jobs.

Interested applicants must be located in Martinsville or Henry County and be a for-profit start-up or a business in operation less than three years as of the application deadline.

Check this page often for information on our next SBIF competition scheduled for early fall 2014.

Templates are available below:

Assistance with writing business plans is available by contacting the Small, Minority & Entrepreneurial Division or one of our community's small business resources.

Sponsor links:

City of Martinsville
HD Web Studio
King Properties
Martinsville-Henry County Chamber of Commerce
Patrick Henry Community College
MHC EDC Small, Minority & Entrepreneurial Division
West Piedmont Business Development Center

Other contributing partners:

FC Income Tax & Bookkeeping

G2 Auto

2013 SBIF winner G2 Auto received  a $5,000 SBIF grant to help their new business buy equipment. They also received free training and mentoring that was valuable in purchasing another car lot.