Small business owners have a chance to compete for free retail space in Downtown Muskegon.

The winner of the 321 Go! Retail Launch Competition will receive six months free rent at 1144 Third Street. That's a $16,000 value and includes utilities.

The winner also receives a prize package of business services including marketing, accounting and mentoring -- valued at $15,000.

The competition is organized by the Muskegon Chamber of Commerce.

Organizers say this event fits into other on-going efforts to redevelop Muskegon's downtown, and encourages the growth of retail.

Interested small-business owners have until March 17 to apply at this link.

After the deadline, five finalists will present their ideas during a "Shark Tank" style event on April 13 at the Muskegon Innovation Hub. That's when the winner will be chosen.

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