If you’re interested in starting a business that will make downtown Vancouver more appealing, a new “Shark Tank”-style competition could get your idea into action.
Vancouver’s Downtown Association is starting a new program called the Launchpad that gives business owners the chance to pitch their ideas for a retail store in downtown. The winner will receive a $40,000 incentive package with in-kind donations, according to Michael Walker, the association’s executive director.
“It’s kind of a grassroots way to help improve the vitality of downtown,” Walker said.
The idea springs from a similar program in Baltimore that brought two business ideas to life. David Goldman, marketing associate at Seawall Co. in Baltimore, was part of the group that organized the Remington Storefront Challenge that Walker is replicating in Vancouver.
Goldman flew to Vancouver to be at Thursday’s quarterly meeting of Vancouver’s Downtown Association to answer questions about the Remington Storefront Challenge, and he said he’ll help the association through its process in starting the program.