The Hormel Family Foundation (www.investmccook.com) has begun accepting submissions for its third annual Business Plan Competition in McCook, Nebraska. The competition, which targets local entrepreneurs and business owners, will take place on June 12 at the Hormel Business & Technology Center on the McCook Community College campus.

The initiative is designed to promote and support entrepreneurs in McCook and to attract new business to the area. Start-ups and existing business owners are equally welcome to submit their business plans. The deadline for the competition applications is May 27, 2009.

A judges’ panel will identify the most promising business plan tailored to the McCook region. The winning entrepreneur or team will be eligible to receive a $25,000 cash investment in exchange for a minority stake in the business. The winner will also be the beneficiary of consulting and advertising services valued at $10,000.

This year, the Hormel Family Foundation is organizing the Annual Business Plan Competition in cooperation with Invest Nebraska Corporation, a statewide nonprofit dedicated to angel investment and entrepreneurship in Nebraska. To learn more, visit www.investmccook.com, or contact Susan Harris-Broomfield at 308.340.0856.