The City of Binghamton is taking proposals from entrepreneurs for the 2018 Binghamton Local Development Corporation and SUNY Broome Entrepreneurial Assistance Program Business Plan Competition.

The competition awards $5,000 to the best plan for developing a business in the City of Binghamton.  In addition to the cash, the winner gets five hours each of accounting services and legal counsel, a one-year membership to the Greater Binghamton Chamber of commerce, three months co-working memberships at Koffman Southern Tier Incubator and $500 each in sign creation services, website services and branding services.

Applicants must plan to start or have an existing business in the City that is less than five years old.

Information on applying, training session and eligibility requirements can be found by calling the Binghamton Economic Development Department at (607) 772-7161 or at EcoDev@cityofbinghamton.com.

The winner will be announced May 11.