Honors are from the International Economic Development Council
The City of Austin, TX, received a Gold Excellence in Economic Development Award for its 2015 [Re]Verse Pitch Competition from the International Economic Development Council (IEDC).
The honor was presented at an awards ceremony on Tuesday, Sept. 27, during the IEDC Annual Conference, which was held Sept. 25-28, in Cleveland, OH.
“On behalf of the IEDC board of directors and Excellence in Economic Development Awards Advisory Committee, congratulations to the City of Austin. Not only did they work to provide a necessary service to their community; but also, their participation in the awards program sheds light on their stellar projects which other communities can now use as a benchmark.” - Barry Matherly, CEcD, FM, IEDC 2016 Board Chair, President & CEO of the Greater Richmond Partnership.
The [Re]Verse Pitch Competition is a social innovation program to help turn valuable raw materials that are currently leaving local businesses, nonprofits and institutions as waste into the foundation of new social enterprises. Local entrepreneurs hear pitches from the businesses with these materials, then work with mentors and advisors over several weeks to develop and refine repurposing business ideas. At the closing event, finalists pitch their new business ideas to compete for the top Innovation Prizes that help them start these new ventures. The 2015 competition led to the founding of Brewnola, a start-up that will repurpose spent brewery grain into granola snacks.
The 2016 competition is about to get underway. Six businesses and non-profits will pitch their byproduct materials to competing entrepreneurs at the opening event in Austin on October 11, 2016, 6 – 8 p.m. Prospective entrepreneurs, the public and anyone interested in the competition may RSVP to the opening pitch event at ReversePitch.org. Competitors will receive guidance from mentors and technical advisors as they formulate a business plan and test their concepts for viability. Finalists will pitch in hopes of winning one of the innovation prizes at the closing event on December 6, 2016.
The City of Austin’s Recycling Economic Development Program works to attract, retain, and grow zero waste businesses and entrepreneurs in order to create local jobs and foster a resilient Zero Waste ecosystem in Central Texas. The program is a joint partnership between the Economic Development Department and Austin Resource Recovery.
IEDC's Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials and the year’s most influential leaders. These awards honor organizations and individuals for their efforts in creating positive change in urban, suburban and rural communities.
About the Recycling Economic Development Program
Two City of Austin departments, Austin Resource Recovery and the Economic Development Department, have teamed up to launch the Recycling Economic Development Program. The program’s mission is to attract, retain and grow Zero Waste businesses and entrepreneurs in order to create local jobs and foster a resilient Zero Waste ecosystem in Central Texas.
About Austin Resource Recovery
Austin Resource Recovery provides a wide range of services designed to transform waste into resources while keeping our community clean. Services include curbside collection of recycling, trash, yard trimmings and large brush and bulk items; street sweeping; dead animal collection; household hazardous waste disposal and recycling; and outreach and education. Austin Resource Recovery offers free, voluntary and confidential consulting services to help Austin businesses reduce waste and comply with the City’s recycling ordinances. In December 2011, the Austin City Council approved the Austin Resource Recovery Master Plan, which is the City’s road map to Zero Waste. The City of Austin is committed to reducing the amount of waste sent to area landfills by 90 percent by 2040. Learn more at austinrecycles.com.
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