OIL CITY – The 2022 Oil Region Alliance Outdoor Recreation Business Plan Contest finalists have been selected by a panel of judges.
The finalists are:
– Adam Diem of Oil Valley Gravel, LLC. for the Roughneck Gravel Roubaix bike race in Titusville on Memorial Day Weekend
– Hannah Gamble of Iron Furnace Coffee to expand the business with a coffee trailer that can be taken to events, parks and other off-site locations
— Theresa McQuaide of Ziibi Fins and Floats for overnight camping along the Allegheny River and pedal kayak rentals
-Erin Wanninger and Marcy Hall for outdoor seating, bike storage, bike fix-it station and Allegheny River views at Woods and Rivers Coffee Shop in Oil City
All four of the above finalists are in contention for either a $5,000 or $10,000 prize.
The participants submitted a concept paper, which was evaluated according to the following criteria:
— Relevance/importance for economic development of natural outdoor recreation (10 points).
— Viability of the business idea (50 points).
— Need in the region for the product/service.
— Applicant’s thoughtful approach to solving the need.
— Uniqueness of the product/service or method.
— Feasibility of the schedule.
— Evaluation and improvement.
— Indicative budget – associated costs and use of funds if awarded as part of the competition.
— Economic impact on the region (20 points).
— Presentation quality (10 points).
The next step in the competition is the submission of a business plan, which is due October 28th. The finalists will then give a presentation to the jury in mid-November. Winners will be announced on Saturday, December 3rd during Oil City’s Christmas Past.
Funding for the competition is provided by Venango County Act 13 funds.
Follow the progress of the competition on ORAGOT.com.