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The RISE Challenge could change your future 

Application Portal for 2023 is closed.

Watch here for winner announcements in April!


Learn more about the full process for the annual competition in our downloadable information packet. Additional information is on our Competition page.  

Do you have a business idea? Send us your questions!


The RISE Challenge is a competition to incentivize young, entrepreneurial companies based in Sherman or moving to Sherman and demonstrating high potential to positively impact the economy. You’ll be joining a community of forward-thinkers in a place that nurtures new ideas and forges new paths to success. Find out more about planting your company in Sherman’s thriving business climate.

Watch the introductory video


2022 finalist The Charlotte Letter tripled its market reach with support from a RISE Challenge grant


Do you have a dream to grow your business? You could be the next success story in the RISE Challenge!

Sherman's RISE Challenge is open to companies that have been in business five years or less and whose core business activity is in an eligible category as defined by the North American Industry Classification System (NAICS). 


In 2022, two start-ups competing in the 2022 RISE Challenge were awarded cash incentives after a 4-month-long local competition. Arctic Bracing and The Charlotte Letter will receive continued support from sponsoring partners Sherman Economic Development Corp. (SEDCO), Austin College, Grayson Small Business Development Center, and PQD Design & Manufacturing -- each providing a unique resource to these growing companies. 

The 2023 competition is now closed to new entries.  Watch here for announcements of finalists and winners in April 2023, and get ready to take your next steps to success in Sherman!


DEC 1 2022      Public Interest Meeting  

DEC 8 2022      Public Interest Meeting 

JAN 2 2023       Application Portal Opens   

FEB 2 2023       Application Portal Closes - 11:59 p.m.

FEB 3 2023       Applicants Notified via email           

FEB 10 2023     RISE Orientation & SBDC Training  - Round 2 Applicants                   

FEB 17 2023     First Draft of Business Plan & Cash Flow Due

FEB 28 2023     Initial Pitch to Judging Panel

MAR 1 2023      Round 3 Applicants Notified

MAR 20 2023    Final Draft of Business Plan, Cash Flow & Bank Statements Due

MAR 20-31        Site Visits for Judging Panel

APR 6 2023       Final Presentations

APR 10 2023     Finalists Notified

APR 21 2023     Awards Luncheon

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