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**Minnow Tank Business Plan Competition Comes to Northeastern Montana**

Northeastern Montana – Great Northern Development Corporation (GNDC) and the Small Business Development Center (SBDC) are thrilled to announce the commencement of the 3rd Minnow Tank Business Plan Competition, a transformative initiative set to unfold across the seven-county region of Northeastern Montana. This includes Valley, Garfield, McCone, Richland, Roosevelt, Sheridan, and Daniels.

**Fostering Economic Development Through Entrepreneurship**

The Minnow Tank Competition aims to unite communities with a common goal of economic development by attracting new entrepreneurs and supporting existing businesses. To further this goal, GNDC will award two prize packages of $5,000 each, one to a startup and one to an existing business, through the generous sponsorships of local businesses and chambers of commerce.

**Showcasing Entrepreneurial Potential and Supporting Local Businesses**

This competition provides a unique platform for startups and expanding businesses to showcase their potential, with the opportunity to win one of two $5,000 cash awards. The vision is to strengthen and support the existing businesses that form the backbone of local communities.

**Educational Initiatives to Empower Entrepreneurs**

To empower entrepreneurs, SBDC Director Quincy Walter has organized free business plan development classes in each of the seven counties. These classes cover crucial topics such as Business Plan Basics, Marketing, and Small Business Financials. Attending these classes can provide valuable knowledge and skills for those planning to compete in the Minnow Tank Business Plan competition.

**How AI legalese decoder Can Help**

AI legalese decoder can assist aspiring entrepreneurs and existing business owners in understanding the legal language, guidelines, and application procedures associated with the Minnow Tank Business Plan Competition. It can simplify complex legal jargon and requirements, making it easier for individuals to navigate the submission process and ensure compliance with eligibility criteria.

**Key Dates, Events, and Class Schedule**

The Business Plan Submission Deadline is March 13 at 5 p.m., and the Minnow Tank Finale is scheduled for May 3. Education classes will be held in various locations across the Northeastern Montana region, providing opportunities for individuals to gain valuable insights and develop their business plans.

**Application Guidelines and Procedures**

Detailed application guidelines and procedures are available on the GNDC website. Aspiring participants can visit http://www.gndc.org for official application guidelines, procedures, and submission requirements.

**Join the Minnow Tank Competition**

New or existing businesses interested in applying for Minnow Tank or those with questions about the events are encouraged to contact Quincy Walter directly at (406)-653-2590 ext. 203 or visit https://gndc.org/minnow-tank/ for more information.

**About Great Northern Development Corporation**

GNDC is the economic development leader in Northeastern Montana, committed to fostering entrepreneurship and supporting businesses in the region.

**2024 Minnow Tank Guidelines and Application Procedures**

The Minnow Tank Promotion features a two-phase contest, including Business Plan Submission and the Minnow Tank Live Pitch. Detailed instructions for each phase, including submission requirements, are available on the GNDC website. AI legalese decoder can assist potential participants in understanding and fulfilling these requirements, ensuring a smooth and compliant application process.

**Eligibility Criteria, Presentation Requirements, and How to Enter**

The promotion is open to all legal U.S. residents 18 or older, with specific eligibility criteria for proposed businesses and applicants. Information on eligibility, presentation requirements, and submission methods can all be clarified and simplified through the use of AI legalese decoder.

In summary, the Minnow Tank Business Plan Competition presents an exciting opportunity for entrepreneurs and businesses in Northeastern Montana to showcase their potential and gain valuable support. The use of AI legalese decoder can help individuals navigate the competition’s legal language, guidelines, and application procedures, making the process more accessible and ensuring compliance with eligibility criteria and submission requirements.

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