The Amarillo Enterprize Challenge is a program designed to assist entrepreneurs in expanding an existing business or launching a new business. Everyone who participates will gain a better understanding of how to develop and follow a realistic business plan, and qualifying entrants can request a share of $500,000 in capital funding grants. To apply for the Amarillo EnterPrize Challenge, your business must be a for-profit "basic" business. A basic business is defined as one the primarily exports its products or services outside the Amarillo area, thus bringing new money into the local economy. To meet this definition, you must document within your three year business plan that at least 75% of your company's sales would come from outside the Amarillo area and that jobs created within your plan would be jobs in Potter/Randall Counties.

To date, through the Amarillo EnterPrize Challenge program 46 businesses have received cash grants of as much of $100,000 each, totaling over $2.5 million in grants over the last fourteen years. Altogether, these firms have created 312 new jobs and bring more than $24 million into the Amarillo economy. In addition, these companies have invested over $6.6 million in additional capital since receiving their grants.

Amarillo EnterPrize Challenge Rules & Regulations:

2010 EnterPrize Challenge Updates:

Congratulations to our 2010 Amarillo EnterPrize Challenge recipients:

Tascosa Hot Sauce $75K

Canyon Creek Soap Company $100K

Cooke Electrical Contractors, Inc. $100 K

Skilled Trades, Inc. $75K

Roberts Ditching, LLC $100K

Original Condition $50K

If you are interested in participating in the 2011 Amarillo EnterPrize Challenge, we are currently accepting applications. The application deadline, orientation workshops and business planning process will begin in September 2010.

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