Peoples Choice Voting Begins in $175,000 Idea Leap Grant
March 27, 2023
CHATTANOOGA, Tenn. (March 27, 2023) — Tennessee Valley Federal Credit Union (TVFCU) is asking for the public to choose one People’s Choice Finalist in each regional Idea Leap Grant – the credit union’s annual program that awards funds to local entrepreneurs. The People’s Choice Finalist in each area will participate in one of the upcoming pitch competitions in which TVFCU is giving away $75,000 in the Chattanooga area and $50,000 each in the Northwest Georgia and Cleveland areas. The remaining finalists who will compete in each pitch night will be selected by volunteer panels of community judges in each area based on recent site visits.
“We’ve made the 6th Annual Idea Leap Grant bigger than ever with a total of $175,000 to be awarded to local small business owners across our 17-county service area,” said Tommy Nix, vice president of business and commercial services. “We want community members to have a chance to participate and help us choose which entrepreneurs receive funding from this program, so we have opened up People’s Choice Voting as an avenue for that feedback.”
Chattanooga-Area Semifinalists are competing for five grants – first place receives $30,000, second place wins $15,000 and three runners-up will receive $10,000 each. The Chattanooga-area semifinalists are:
- Alchemy Spice Company
- Cocoa Asante
- RMJ USA
- Simply Props
- TEREN
- The Local Juicery
- The Professional Cleaning Solution
- The Speech Language Reading Center
- W Salon
- We Clean Chattanooga
Cleveland-Area Semifinalists are competing for three grants – first place receives $25,000, second place wins $15,000 and third place receives $10,000. The Cleveland-area semifinalists are:
- Anistasis Wellness
- Biskit NV
- Carroll Printing Company
- Direct Primary Care Associates, PLLC
- Happy Tails Grooming Salon
- Mayfield Farm Park
- Rods Rocking Rolls
Northwest Georgia-Area Semifinalists are competing for three grants – first place receives $25,000, second place wins $15,000 and third place receives $10,000. The Northwest Georgia-area semifinalists are:
- Alarm City
- Battlefield Outdoors
- Baxter Dean Studio
- Birria Broz
- Dalton Brewing Company
- DIRT Design & Décor
- Foundation Direct Family Care
- Hillside Farm
- Inflated LLC
To vote, visit tvfcu.com/vote, select a regional competition to see all Idea Leap Grant semifinalists in that area and watch the semifinalists’ videos showcasing their business and their intended use of the grant money. Simply click “vote” and enter a valid email address to cast a vote. Each person may only vote once in each competition, and voting is open from March 27 at 12:00 a.m. to March 31 at 5 p.m.
During the second week in May, TVFCU will host pitch competitions in Chattanooga, Cleveland and Dalton where the Idea Leap Finalists will present their business to a panel of local judges and members of the public and will win grants between $10,000 and $30,000. The credit union will open up RSVPs for these events, and a luncheon, in the coming weeks. Follow TVFCU on Facebook, Twitter, Instagram and LinkedIn for continual Idea Leap updates.
The Idea Leap Grant, which started in 2018, is an extension of the credit union’s Idea Leap Loan Initiative that was created specifically for small businesses in 2016. To date, TVFCU has funded more than $5 million in loans to emerging and early-stage businesses through the loan initiative and has awarded over $300,000 in Idea Leap Grants and related scholarships.
For more information about the Idea Leap Grant, please visit tvfcu.com/idealeap.
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About Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union (TVFCU), a not-for-profit financial cooperative, was established in 1936 when 57 Chattanooga TVA employees pooled $500 to create the member-owned credit union. Today, TVFCU serves more than 170,000 members who live, work, worship, volunteer or attend school throughout the 17-county service community. With more than $2.4 billion in assets and 23 branches throughout the area, TVFCU is the largest credit union in Southeast Tennessee. For more information about TVFCU, please visit tvfcu.com.
About TVFCU’s Idea Leap Grant
The Idea Leap Grant Initiative is an extension of TVFCU’s Idea Leap Loan Initiative that was created in October 2016. The Idea Leap Loan fills a void in the community for loans up to $75,000 to emerging businesses. Through the Idea Leap Grant Initiative, TVFCU has awarded over $300,000 in Idea Leap Grants and related scholarships.