MARTINSVILLE, VA – The Chamber's Partnership for Economic Growth recognized its 2023 Grow Martinsville-Henry County graduates with check presentations on Friday.
C-PEG offers Grow MHC, an annual competition which includes a requirement to participate in a boot camp to help small businesses evaluate their entrepreneurial mindset readiness, write a business plan, and present a business pitch to compete for funding and receive ongoing mentoring.
With this year’s graduates and awards, the initiative has had 275 graduates, awarded 60 businesses with over $420,622 in cash and in-kind funding.
According to C-PEG, this group will build on the accomplishments of Startup and Grow MHC businesses while maintaining an 87% success rate in comparison to the nationwide 50% average for small businesses.
All participants received training at no cost, and any participant who opens a business will receive a one-year, free membership in the chamber.
This year’s award recipients are as follows:
Cozy Temptation - $2,500
LeGrant Chiropractic Back & Neck Pain Relief Center, LLC $4,000
Wigs Unlimited - $8,000
N & T Transportation Service - $9,500
Backspace Coffee - $10,000
The 3D Shop - $12,000
This year's Grow awards cash and in-kind funding totals $66,000.