Red Bag Solutions Receives $5,000 Grant to Grow Exports
For immediate release
Jan. 25, 2016
Red Bag Solutions
ATLANTA - Red Bag Solutions is a recipient of a $5,000 grant and a semi-finalist in the inaugural Atlanta Metro Export Challenge, a grant competition powered by Chase which boosts support for small and medium-sized businesses looking to begin exporting or to increase their export programs.
Red Bag Solutions CEO, Don Millard, commented "we are pleased to be recognized by the Atlanta Chamber for our efforts to expand Red Bag Solutions' international business. We are currently working on opportunities in Canada, Great Britain, Mexico, the Caribbean, Central and South America and North Africa."
Red Bag Solutions (RBS) is a manufacturing and waste management services company that provides environmentally friendly, cost-saving solutions for on-site treatment of medical waste and bio-hazardous waste. RBS's waste treatment and disposal technologies convert medical, clinical and infectious waste into sterilized, safe and unrecognizable material that can be recycled or placed in a municipal landfill
RBS offers a comprehensive array of programs and services to meet the complex needs of any organization that generates medical and bio-hazardous waste, including hospitals and healthcare facilities, pharmaceutical and biotechnology companies, and diagnostic and research laboratories.
Learn more at our website - www.redbag.com
Nearly 70 companies, ranging in size from pre-revenue startups to small and established medium-sized businesses, applied for the available grants. The semi-finalists represent a wide array of industries, including traditional and advanced manufacturing, professional services, food and beverage, apparel and technology companies. Women-owned and minority-owned businesses are among the semi-finalists. Also, grant awardees represent 12 different counties, eight of which are within the metro Atlanta 29-county region.
Red Bag Solutions will have a chance to win additional prize money later this summer. Each of the semi-finalists must utilize the grant funds during the first half of 2016 and show export success to be invited back for the second round of competition this summer at Pitch Day - a Shark Tank-style pitch session before a panel of judges. The semi-finalists must share their export success and future plans for export development for a chance to win additional prize money. At Pitch Day, companies will present their exportable product or service, their export success with the initial grant, and a business plan detailing how they will use additional grant funds to increase exports. The top three companies will receive $20,000 (1st Place), $10,000 (2nd Place), and $5,000 (3rd Place).
The Atlanta Metro Export Challenge will distribute a total of $210,000 over the course of the competition. This competition is one of the key components of the Atlanta Metro Export Plan (MEP), an initiative launched in June 2015 to stimulate economic growth in the region and create quality jobs through exports. The grants competition aims to encourage area companies to export and drive business growth by increasing international sales of local products and services.
The program was created through a grant from JPMorgan Chase as part of the firm's ongoing work to promote global competitiveness in metros around the country.
"The more we support small businesses efforts to broaden their opportunity, the stronger our economy becomes, and exports are key to meaningful, sustainable growth," said David Balos, market leader for JPMorgan Chase in Georgia.