HARTFORD — At the Colt Gateway on Tuesday, Mayor Pedro E. Segarra launched an economic development program to help “position Hartford as a city where entrepreneurs start and grow.”
The program, Strong Cities, Strong Communities or SC2 Hartford for short, is a two-phased competition that offers cash prizes to encourage teams to create economic development plans for the city. The cash prize totals $900,000.
Officials said that the overarching goals of SC2 Hartford are to, among other things, capture ideas that spur job growth and drive urban revitalization.
Hartford is one of only three cities to win this highly competitive grant from the Obama Administration; Greensboro, NC and Las Vegas, NV are the other honorees.
“Hartford has an incredible community of entrepreneurs who are pushing the envelope on ideas, innovation and product design,” said Mayor Segarra. “City government must feed innovation, and this is a tremendous opportunity to promote new ideas and focus that creative energy on developing Hartford into one of the Best Capital Cities in America.”
Participants must register by July 24, 2014 for the two-phased competition.
Proposals, due September 22, will be reviewed by a panel of community leaders who will award cash prizes of $60,000, $30,000 and $10,000 to the top three proposals. These three teams, and other selected finalists will advance to Phase II, where they will further develop their proposals into detailed, actionable plans. Six cash prizes totaling $800,000, including a top prize of $500,000, will be awarded to the winning plans.
Additional community outreach events will be announced. The first one is scheduled for Tuesday, March 25 at 5:00pm at Colt Gateway.
For more information or to begin registering a team, go to: http://sc2hartford.com or download here: http://www.hartford.gov/images/mayors/sc2_press_kit.pdf.