Highs and Lows of Owning a Business
We recently learned that the company I'm partnering in, Dynamic Screening Solutions, Inc., is not receiving a continuation of a grant to assist us with moving the company forward. This was through the Utah Governor's Office of Economic Development, more specifically through the Center of Excellence program.
The COE funding provides grants to startup companies in the form of matching dollars for every dollar of revenue up to a maximum of around $150,000 to $200,000. Its a fantastic program that has helped some fantastic companies.
DSS was very fortunate to receive $150,000 funding for 2007-2008. This funding was invaluable in helping us get off the ground and into a working company. While we are disappointed that we did not get approved for it this year, we have several other funding options to look at.
Is this the end of DSS? I doubt it. I remain optimistic that we can find other funding. This is one of those hard times that helps us savor the good times.
