Kitsap Bank offers $20k cash prize for innovative small business

Community-minded businesses aren’t always rewarded for their altruism. A competition organized by Kitsap Bank this spring aims to change that.

The Port Orchard-based is offering a $20,000 prize for a small business that has a positive economic, environmental and social impact on its community. A six-week application period for the prize, called edg3 FUND, begins June 2.

“We think there are a lot of innovative businesses with creative ideas in our local market that we don’t yet know,” Kitsap Bank President Tony George said in a news release.  “With this competition, we hope to uncover some of these hidden gems, fund a creative, sustainable business idea, and help to take it to the next level.”

A public vote on social media and the bank’s website will pick a pool of finalists. The finalists will be invited to make their pitch to a panel of independent judges, who will select a winner.

The competition is open to for-profit small businesses working in communities served by the bank. Find more information here.

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