The Prior Lake Technology Village and Scott County First Stop Shop received the 2018 Program of the Year Award from the Economic Development Association of Minnesota last week for the Fast-Track Business Challenge.
Last week, the Economic Development Association of Minnesota hosted an awards ceremony as part of its winter conference to recognize projects and professionals in the economic development industry that have gone above and beyond or faced significant challenges in the last year, according to a news release.
The Program of the Year Award recognizes a creative new program or initiative that has been developed to help businesses and a community to thrive, grow and prosper. Award nominees could include programs or initiatives that focused on businesses, workforce, business retention and expansion, financing, start-ups, clusters, entrepreneurs or several other economic development initiatives.
The Fast-Track Business Challenge was a Scott County effort to encourage economic development and start-up businesses. The challenge was coordinated through the Scott County First Stop Shop and Prior Lake’s Technology Village. Established businesses throughout Scott County provided donations serving as a service providers and sponsors for the event and the city of Savage hosted and taped the event. Winners were awarded cash prizes and various services essential for a start-up including accounting, website design, graphic art design, legal assistance and business counseling.