NEIGHBORHOOD ENTREPRENEUR OF THE YEAR Each year, we invite our community partners, program trainers, consultants, staff and entrepreneurs to nominate business owners who are making a real difference in our communities. All nominated businesses are considered for recognition in the following categories:
Community Impact Business Growth Creativity in Business Business Turnaround Best Business Plan Overall Twin Cities Small Business of the Year
THE CLEARANCE RACK Winner of the Senator Paul Wellstone & Sheila Wellstone Twin Cities Small Business of the Year Award
The Clearance Rack opened their first store in 2004, bringing to the community an invaluable asset: affordable fashion for women. They offer trendy clothing, shoes, and accessories, with the selection updated weekly, at $10 per item or less. Six years after opening their doors, The Clearance Rack has become an anchor business in the community. In April 2010 they opened a third location in Brooklyn Park, contributing to a 67% revenue increase in 2010 and creating six new jobs.