Workshops have been scheduled this week for participation in a statewide small business growth plan competition with $60,000 in prizes that is being held by Capital One Bank in conjunction with the 41st Annual Bayou Classic football game in New Orleans.

The competition will feature two categories: Category 1 for businesses with annual revenue of less than $250,000, and Category 2 for revenue between $250,000 and $1 million.

Each category winner will receive a cash prize of $25,000. The businesses finishing in second place will each receive a cash prize of $5,000.

Finalists will make a presentation to judges on Nov. 28 in New Orleans and winners will be announced on the field during the nationally televised Nov. 29 Bayou Classic football game between Southern University and Grambling.

Participants must submit a letter of intent by Oct. 31 and a business growth plan by Nov. 7.

In addition to revenue categories, participants must be based in Louisiana and have owned the business since before Oct. 31, 2013.

Applicants also must attend a business development workshop to compete. Locations and dates in south Louisiana are:

BATON ROUGE: 9 a.m.-1 p.m., Oct. 24; American Red Cross, 4655 Sherwood Common Blvd.,

Baton Rouge; or 9 a.m.-1 p.m., Oct. 25; Louisiana Small Business Development Center,

616 Harding Blvd., Baton Rouge.

GREATER NEW ORLEANS: 9 a.m.-1 p.m., Oct. 24 and Oct. 25; Louisiana Small Business Development Center, UNO Jefferson Center, 3330 N. Causeway Blvd., Room 317,


The Louisiana Small Business Development Center, ACCION Louisiana and Money Management International are partnering on plan competition.