BBVA Compass today launched a new Great Ideas for Small Business contest that taps into its social media networks to reward those entrepreneurs who are thinking of new, exciting ways of doing business. The contest extends BBVA Compass’ efforts to fuel small business growth throughout its footprint.
Small business owners and entrepreneurs interested in participating can submit their business ideas using the #GIFSBcontest hashtag on Twitter and Instagram or by uploading their photos and ideas to the contest website for a chance to compete for a $15,000 grand prize and $5,000 runner up prize.
“Small businesses are a vital part of our communities,” said Lonnie Hayes, small business banking executive director at BBVA Compass. “As an organization, we are committed to supporting the growth strategies of small business owners as they strive to move their companies forward.”
The competition will be held in two phases, with phase one of the contest submission period beginning today and extending through May 15. Winners will be determined based on a combination of social media community votes received during phase two, which runs May 16 through May 31, and scores given by a panel of judges from BBVA Compass.
“We’re hoping to surpass the last contest’s success by engaging more business owners in the social media conversation, and we look forward to helping two small business owners take their companies to the next level,” Hayes said.
More information about the BBVA Compass’ Great Ideas for Small Business contest is available here.