Midland Entrepreneurial Challenge
Midland Entrepreneurial Challenge awards $500,000 among local small businesses
Initiated in 2017 and administered by the Small Business Development Center (SBDC) at the University of Texas Permian Basin, the Midland Entrepreneurial Challenge has since been an annual event that functions to identify and nurture new businesses in Midland through a rigorous process of business plan creation, market research, and financial training. Five businesses were selected as winners of the 2019 challenge by an independent panel of judges comprised of local business owners, bankers, and prominent community members.
The ten winning businesses from the 2017 and 2018 challenges are all successful enterprises, with a combined taxable revenue of $6 million, and the creation or retention of 58 full-time jobs and 11 part-time jobs. The Midland Entrepreneurial Challenge continues to provide expanded funding opportunities for Midland’s vibrant and diverse small business community.