The Aroostook County town of Houlton will hold the Houlton Entrepreneur Challenge for the second year.
The prize will be $40,000. The event is sponsored by the town, Southern Aroostook Development Corp. and the event’s financial partner, Machias Savings Bank.
The prize package includes a forgivable loan of up to $30,000.
An “Ignite the Spark” event, to give interested entrepreneurs details on the program, will be held May 17, from 6-7 p.m., at the Houlton Higher Education Center. The event will include a panel discussion featuring local entrepreneurs. There’s no charge for the event, but registration can be made by contacting Nancy Ketch at 521-5938 or comm.development@houlton-maine.com. For more information or to register online, visit www.sadcaroostook.com. Registration can also be done by texting “Money” to 521-0221.