Small Business Red River Co. Secures $150,000 in SBA Pitch Competition
1 report, 1 independent
Updated Sat 00:00
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What happened
The U.S. Small Business Administration hosted a Million Dollar Pitch Competition, which drew over 1,400 pitches from small businesses nationwide. Red River Co., a Campbell County business, was one of five finalists and secured $150,000 from the competition. The company plans to use the funds to cover capital expenses, particularly equipment, for a new shop in Rozet.
Why it matters
The competition provides capital to support small businesses, with Red River Co. planning massive expansion. The funding will be used to acquire equipment for its production of pressure vessels and modular skids.
Who's involved
- SBAHosted the Million Dollar Pitch Competition