The GrowMidMo GrowFest event is coming back to Moberly on June 28, 2018 at 7 p.m. at the Municipal Auditorium. GrowFest is an evening where local entrepreneurs and small business owners pitch their businesses to investors. This event is open to the public.
GrowFest connects entrepreneurs with each other and with capital that can assist in starting or expanding their small businesses in the mid-Missouri region.
“Our area has several entrepreneurs with great ideas,” said Ryan Eidson, Entrepreneurship Specialist with Moberly Area Economic Development Corporation (MAEDC) and Program Administrator of GrowMidMo. “They need access to capital, and the GrowFest event is one way that we can help small business owners find that capital.”
Business capital can come in the form of private investment, bank loans, cash from family and friends, personal savings, or other sources. The GrowFest event brings the regional business community together so that available money can go to work in these growing young companies.
“Not every entrepreneur receives an investment of funding at GrowFest,” said Corey Mehaffy, GrowMidMo Investor Coodinator. “However, we do have a track record of successful companies that are now employing dozens local people in our communities throughout the region.”
According to a United States Small Business Administration report, small business provides 55% of all job opportunities and 66% of all net new jobs since 1970.
“GrowFest is not about the best presentation, GrowFest is about insuring that our communities have healthy, viable small businesses in them that will grow and provide economic opportunity for the entire area for years to come,” added Mehaffy. “The best opportunity for expanding business opportunities in many small communities is to grow it from within.”
Each presenting entrepreneur has completed the planning process and has an opportunity to meet with investors and lenders with the capital needed to move business to the next level.
The public will also hear about boutique business opportunities. “We have new opportunities all around us, including successful businesses for sale,” said Eidson. “If you want to own and operate a business, come to GrowFest to hear about area businesses looking for a new owner/operator.”
GrowMidMo began in 2012 as an entrepreneurial development program to help entrepreneurs and small businesses from startup to succession. The program provides a supportive culture, access to capital, networking opportunities, and business & technical assistance to entrepreneurs in Howard, Randolph, Macon, Monroe, Marion, Ralls, and Shelby Counties. For more information, call 660-263-8811.