Since 1996, the Sherman Economic Development Corporation (SEDCO) has focused on a mission to grow and diversify the economy of Sherman, Texas, and the surrounding area through the addition of new jobs and investment in primary employers. The RISE Challenge, through its financial and educational support of local entrepreneurs, will carry out a primary objective of SEDCO’s strategic plan to develop an innovative ecosystem for
Sherman and North Texas.
Founded in 1849, Austin College is a private, 4-year liberal art institution, the oldest college in Texas under its original charter. Austin College's Morris Entrepreneurship Program, Department of Business Administration and Economics, and the Center for Community & Regional Development will coordinate the RISE Challenge from the initial application process through the competitive judging stage as candidates compete against one another for award funds.
The Grayson Small Business Development Center (SBDC) is a management counseling service for small businesses, funded by the U.S. Small Business Administration, the State of Texas and Grayson College. The SBDC will provide training for companies selected for Phase II of the RISE Challenge, including review and assistance with developing a detailed business plan and proforma for submission. 2021 RISE Challenge winners will receive additional counseling throughout the performance period.
"In the field of economic development, nothing is more important than cultivating a steady stream of entrepreneurs to enter the marketplace every year.
They take risks, and we are grateful they do. The goal of RISE is to identify Type A eligible entrepreneurs in Sherman and enable them to accelerate their business plan by providing much needed capital for their growth. SEDCO is very excited to be a partner in this endeavor."
DR. DAVID GRIFFITH
MORRIS CHAIR OF ENTREPRENEURSHIP
"Engagement with the business community is an important component of Austin College’s mission to educate students in the liberal arts and sciences in order to prepare them for rewarding careers and for full, engaged, and meaningful lives. RISE will create meaningful new connections between the college and the emerging entrepreneurial ecosystem. Austin College is pleased to collaborate with SEDCO in this effort to support local entrepreneurs. "
DR. KAREN STIDHAM
"Building entrepreneurs is a priority for our community. Our goal is to assist entrepreneurs in establishing new businesses, creating jobs and boosting economic growth.
The RISE Challenge is another opportunity to help these visionaries succeed right here in Texoma."