Hatch Bloomington: A $100,000 competition encourages innovative business ideas

In the spirit of fostering local entrepreneurship and investing in small businesses, the City and the Minneapolis Regional Chamber announced the launch of Hatch Bloomington in March. Hatch Bloomington is a dynamic business competition aimed at spurring economic growth, revitalizing commercial corridors, and empowering innovative minds to bring their small business dreams to life.

Hatch Bloomington offers entrepreneurs the opportunity to to pitch their business ideas and compete for a chance to receive $100,000 in financial assistance to kick-start a brick-and-mortar business in Bloomington. The competition is part of a strategic effort to support the small business community and attract fresh investment into Bloomington, positioning it as a hub of economic activity and innovation in the Twin Cities metropolitan area.

Ideal contestants for Hatch Bloomington are those who envision a storefront presence in the community that contributes to the vibrant and dynamic fabric of Bloomington’s business landscape.

“We are thrilled to launch Hatch Bloomington and invite entrepreneurs who share our vision for a thriving local economy to participate,” said Bloomington Mayor Tim Busse. “This initiative is more than a competition; it’s a platform for innovation, growth, and community engagement.”

Applications will be accepted from April 3 to May 3. During this period, individuals may submit a proposal. In addition to the  $100,000 in financial assistance, competitors will gain significant exposure and access to tools and connections to help them succeed.

Visit blm.mn/hatch for more information.