The Eau Claire Area Economic Development Corporation advances economic prosperity through business and job growth by assisting in the creation, enhancement, and expansion of local businesses. They have resources for protecting and developing your ideas, financing and funding programs, information regarding regulations and permits, and more. In addition to other financial resources, such as a variety of grant programs, they host the annual Idea Challenge, which is an ongoing contest for individuals or businesses with an idea for a new product or service with the chance to win a grand prize of $5,000.