39. Up to $35,000 for the starting of new businesses or expansion of existing businesses. Uses may include machinery and equipment purchases, site improvements, working capital, inventory, materials and supplies, and expansion.
41. From $35,000 to $500,000+ for businesses that have typically been in business for two years or more. Loans are used to support the increased capital needs of maturing businesses and may be used for such things as expanding or improving the business site and services provided, increasing supplies, materials and/or staff.
48. Starting and Growing a Business in Pennsylvania (CONTINUED) If you will employ one or more people, obtain federal, state and local forms Obtain a Federal Employer Identification Number (EIN) from the Internal Revenue Service:1-800-TAX-1040 or visit www.irs.gov Lots more helpful information at www.State.PA.us
49. So now that you have a formidable business plan . . . (and you’re done with BUS 380) Win some cash!
50. College Venture Challenge 2008-2009 Graduate Winner - $5,000 Undergraduate First Place - $2,000 Undergraduate Second Place - $1,000 *plus an advisory panel of area business leaders will assist with further development of your business venture
51. College Venture Challenge 2008-2009 Time Commitment: January 16: Registration deadline for the Learning Seminar January 22: Learning Seminar - topics include marketing & competitive analysis, business plan structure and finance February 5: Concept papers due February 17: Semi-finalists announced and invited to submit a business plan March 16: Business plans due April 8: Finalists announced and invited to present business plans during the final presentation event April 28: Final presentation event and winners announced
52. College Venture Challenge 2008-2009 Last year: Penn State Harrisburg Dickinson College Millersville University $1,000 $5,000 $2,000