BusinessDevelopment

The Floyd County Economic Development Authority (EDA) will be hosting its second Floyd C4 Business Development Series beginning September 12th, 2016. “C4” stands for Curriculum, Creators, Coaches and Challenge.  During six weekly sessions, participants will learn how to start and grow their businesses successfully from testing the idea, to legal formation, to marketing, to financing and making an elevator pitch.  Participants who complete the program can compete in a business plan and pitch competition for up to $5,000 in cash, plus other prizes to help them launch or grow their business. At the first Floyd C4, there was an average of 22 participants each night. Recently, the participants in the first Floyd C4 were polled to see what has happened with their business idea in the 12 months following that series; 8 businesses have started: 9 have created or upgraded a website; 7 sought financing;  10 started marketing on social media; 12 bought equipment for the business; 7 made their first sale; and 14 honed their ideas and products. Altogether, 12.5 full-time equivalent jobs have been created, and a total of $565,000 in private investment has been made to date. For more information on this year’s event, see www.yesfloydva.org or contact Lydeana Martin at lmartin@floydcova.org.

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