Sponsoring Agency: 1010 WINS
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/09/2021
Size of the Fund: Less than USD $50,000
Applicants are invited to apply for 1010 WINS Small Business Challenge, sponsored by Entercom New York, LLC and Dime Community Bank.
Prize Information
• The up to five (5) Finalists will each receive the following: one (1) $200.00 MasterCard Gift Card, courtesy of Dime Community Bank (each a “Finalist Prize”). Approximate Retail Value (“ARV”) of each Finalist Prize is $200.00. The Station reserves the right to award fewer Finalist Prizes in the event that an insufficient number of entries are received
• The up to one (1) Grand Prize winning Eligible Business will receive a grant in the amount of $10,000.00 in the form of a check issued in the name of the Grand Prize winning Eligible Business and a $200.00 MasterCard Gift Card, courtesy of Dime Community Bank (the “Grand Prize”). ARV of the Grand Prize is $10,200.00.
• Total ARV of all prizes in this Contest is $11,000.00.
• The only winners in this Contest is the Eligible Businesses, not the entrants. After selecting an entry, if the Station determines that the entrant is not properly associated with an Eligible Business or its Eligible Business refuses to accept or fails to timely accept the prize in this Contest, the prize may not be awarded in this Contest or, in its sole discretion, the Station may elect to randomly select another potential winner.
• The Eligible Business is responsible for paying all applicable local, county, state and federal taxes associated with the prize, and will be issued an IRS 1099 for the $10,200 prize for the 2021 tax year.
Who Can Enter
• No purchase is necessary to enter or participate in this Contest.
• Entrants must be 18 years of age or older, residing in the following states of New York, New Jersey, and Connecticut as of March 3, 2021. An “Eligible Business” shall mean a company, product or service business (including, without limitation, a sole proprietorship) and must, as of March 3, 2021, also be headquartered or have a physical location within the aforesaid states and must be a privately owned and operated, for-profit, corporation, limited liability corporation, partnership, limited partnership or sole proprietorship with up to one hundred (100) employees. Entrant should be the owner or principal or a decision-making employee of an Eligible Business. Employees, officers, directors and agents of Sponsor, Dime Community Bank, Administrator and each of the foregoing’s affiliates, the members of their immediate families (spouse, parents, siblings or children) and those living in the same household of each (whether related or not), are ineligible to enter or be an owner or proprietor of a winning business.
How to Win
• All eligible Essays will be judged from a judging panel made up of Station team members who will select up to the top ten (10) Essays (each a “Semi-Finalist”). The judges will base their selection on the originality, persuasiveness and creativity of the Essays and the worthiness of the use to be made of the $10,000 prize.
o The Station will contact the Semi-Finalists who submitted the selected Essays by telephone and/or email no later than May 14, 2021. If an entrant who submitted a potential Semi-Finalist Essay cannot be contacted, fails to sign and return the required affidavit of eligibility and/or liability and publicity release within three (3) business days of being contacted, the potential Semi-Finalist forfeits the right to participate the interview (as described in Section 6 below) and the Station shall have the right, but not the obligation, to select another Semi-Finalist from the remaining Essays.
• The ten (10) Semi-Finalists will be required to participate in a telephone interview with Rob Walsh between May 18, 2021 and May 21, 2021. The Station will contact each Semi-Finalist about the date and time of their interview. Each interview will be judged from a judging panel made up of Station team members, will select up to the top five (5) interviews (each a “Finalist”). The judges will base their selection on the originality, persuasiveness and creativity of the interviews and the worthiness of the use to be made of the $10,000 prize.
o If an entrant who submitted a potential Semi-Finalist Essay cannot be contacted, fails to sign and return the required affidavit of eligibility and/or liability and publicity release within three (3) business days of being contacted, the potential Semi-Finalist forfeits the opportunity to participate in the interviews and will be eliminated from the Contest. The Station shall have the right, but not the obligation, to select another Semi-Finalist to participate in the interviews from the remaining Essays.
• Each entrant who submitted the Essay for each of the five (5) Finalists (the “Representative”), must attend the Virtual 1010 WINS Small Business Grant Challenge Event (the “Event”) to be held on June 3, 2021 from 4:00pm (ET) until approximately 6:45pm (ET) on a video call via Streamyard.com in order to claim the Finalist Prize and be eligible to win the Grand Prize. In the event the Representative of a potential Finalist does not agree to attend the Event, the Sponsor reserves the right, but not the obligation to select an alternate Finalist Prize winning business using the judging criteria above, time permitting.
o The Station will contact each Representative prior to the Event to provide instructions to access and participate in the Event. Each Representative will be required, as applicable, to access Streamyard on their cell phone, laptop, desktop, or tablet in order to participate in the Event. The Station is not responsible for the failure of a Representative to access the Event via Streamyard due to technical or other reasons. Any Representative who does not agree to participate in the Event, and/pre who is not logged in on June 3, 2021 will be disqualified and will not be eligible to win the Finalist Prize or the Grand Prize and will not be eligible to participate in the Event.
o Starting at approximately on June 3, 2021, each Representative will have an opportunity to provide a two (2) minute “elevator pitch” followed by approximately three and one half (3½) minutes of questioning from a judging panel made up of three (3) judges determined by the Station (the “Judging Panel”).
o After all Representatives have given their pitches and answered the Judging Panel’s questions, one (1) Grand Prize winning Eligible Business will be selected from among the Finalist Prize Winners. The determination will be by the Judging Panel who shall base their decision on the overall pitch, value proposition, passion, and execution of the pitches, responses to questions, the worthiness of the use to be made of the $10,000.00 prize, and any other lawful criteria. The potential Grand Prize winning Eligible Business will be announced at the conclusion of the Event.
o The Event, including each Representative’s participation in the Event, may be broadcast on the Station or other radio stations, streamed via the Internet or via one or more social media platforms, and/or recorded by the Station and played back in portions or in its entirety on-air, on the Station’s or any of the Sponsors’ websites, and/or on the Station’s or Sponsors’ social media pages at a later date. By participating in the Event, the Representatives consent to the Station’s use and distribution of the Event as provided herein and in the Station’s general contest rules. Representatives who engage in any inappropriate activity or behavior during the Event, as the Station may determine at its sole discretion, subjectively or otherwise, including without limitation activities or behavior that (i) is indecent, profane, obscene, explicitly sexual, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, libelous, or hateful, (ii) is racially, ethnically, or otherwise offensive or objectionable, or (iii) encourages unlawful behavior, may be removed from the Event and/or disqualified from the Contest, with or without notice. Representatives may not share any information provided by the Station to log in to the Event unless expressly approved by an authorized representative of the Station, and if Station believes at its sole discretion, subjectively or otherwise, that a Representative has shared such information without the Stations’ consent then the Representative may be removed from the Event and/disqualified from the Contest in the sole discretion of the Station, with or without notice.
More information at: https://www.audacy.com/1010wins/contests/1010-wins-small-business-usd10k-challenge
