The Queens Economic Development Corporation (QEDC), the Citi Foundation and the Queens Library kicked off the Eighth Annual Queens Business StartUP! Business Plan Competition at the Z Hotel in Long Island City last month to reward some of these new businesses.
“Citi is once again pleased to support the Eight Annual StartUP! competition with a $50,000 grant from the Citi Foundation,” said Eileen Auld, NY Tristate Region director at Citi Community Development. “Citi supports several competitions throughout New York City to encourage innovation among entrepreneurs and create jobs in communities where they are needed most.”
The top three businesses in the competition will receive $10,000 for technical assistance and training for new entrepreneurs. Participants will have the opportunity of attending a series of free seminars at the Queens Central Library in Jamaica through January 2014, joining a 10-week course in October or through video webinars.
There were over 250 participants that studied pricing, marketing and financial projections at the competition last year and 28 teams submitted business plans to the judges.
Candice Wood and her Fabulous Fitness New York City health center won first place in the Community Business category, Dennis Lee of Astoria Coffee took home the prize for Food-based Business, and Flushing’s Maya Camou won in the Innovative Business category for her environmental sustainability and management consulting firm M3D Consulting.
QEDC executive director Seth Bornstein said he was happy to see the competition back again for an eighth year and thanked the supporters.
“Since QEDC was founded in 1977, Citi has been a staunch supporter of our programs,” Bornetein said. “Start UP! reinforces Citi’s commitment to those seeking to start a small business.”
Thomas Galante, president and CEO of the Queens Library, said the library has always been a stable platform for catering to new business.
“We offer free technology training and free computers to use, books, videos, workshops and databases that help with basic business skills,” Galante explained. “We are pleased to be a StartUP! partner. Queens Library enriches local business as much as it enriches lives.”