You can make a difference for sustainable business on the Washington Coast.
Photographed by Tim Regan, Flickr Creative Commons
It’s easy to invest in big Wall Street backed businesses, but next to impossible to invest in a local Main Street business in your community – especially if that business is a startup. The Washington Coast Works Sustainable Small Business Competition is changing that with a crowd funding campaign that lets ordinary folks contribute what they can afford to help emerging entrepreneurs launch new businesses in rural and tribal communities on the Washington Coast. First prize is $10,000 in startup funding, with multiple runner up prizes. See the Washington Coast Works website for details.
This year’s Coast Works entrepreneurs include a cultural tourism business, a wood boat kit manufacturer, a beekeeper, a construction business, a chocolatier, a tiny homes builder, a food truck, a dog boarding business, a permaculture farm, a stump grinder, a nature-inspired fitness company, a sustainable vegetable and hog producer, and a manufacturer of art equipment. All are “triple-bottom-line” businesses designed to generate profits with significant social and environmental benefits.
“How awesome that all of us can contribute to the Coast Works prize money this year,” says Coast Works intern Sarah Haensly who designed the campaign. “Web-based crowd funding now makes it possible for anyone to contribute what they can afford – without calling up your local stock broker.”
Tanikka Watford knows how hard it is to raise startup funding for a small business. She needed significant capital to launch Deep Roots Foods, a Tumwater-based small-scale food co-pack food processing business.
“I was fortunate to find local investors through Social Venture Partners’ FastPitch competition last year, but those opportunities are rare,” says Watford. “I think it is amazing that you all are making it possible for people in Coast Works communities to participate directly in their local economic development!”