Chester's Alstede Farms Wins $100K In Small Business Competition

CHESTER, NJ - Alstede Farms has been selected as one of two grand prize winners in the Movers & Shakers Small Business Competition.

The Movers & Shakers’ competition was put on hold earlier this year as a result of the pandemic. The small businesses earning the grand prize are Alstede Farms, the 600-acre family farm and Macondo Networks, a WBENC certified woman-owned small business in Randolph that supplies telecommunications equipment (new and refurbished), conferencing systems and cloud services.

Each organization received a grand prize package with an estimated value of $100,000.

Investors Bank, the New Jersey Devils and WCBS 880 (WCBS-AM) developed the Movers & Shakers as an elevator-pitch competition that drew more than 500 entries from among small businesses in New Jersey and New York.

Each company’s entry was evaluated on the three criteria aligned with the key values:

• Creativity, bringing new approaches to the marketplace;
• Competitiveness, versus near-in competitors and larger corporations;
• Community, fostering significant and positive changes in neighborhoods the business serves.

The small businesses that entered the competition represent a broad range of industries and sectors: architecture and design, business services, consumer brands, hospitality, marketing, manufacturing, technology, and sports/recreation, to name a few.

Investors’ Chairman and CEO Kevin Cummings, President and senior executives from the business and retail banking groups presented a $10,000 check from the bank, which is a part of the $100,000 grand prize package, to each winner.

“We are inspired by the compelling stories the small businesses shared in their Movers & Shakers applications. The companies’ owners and employees are committed to excellence in providing products and services, assisting clients, and giving back to local communities. It’s clearer than ever that small businesses are a core part of our regional and national economy," Cummings said. "Investors and our partners know and understand that these companies deserve our support right now.”

Kurt W. Alstede, the farm’s founder, owner and general manager, along with some of the farm’s 65 employees, received the grand prize at Alstede Farms. Jennifer Frey, the founder and owner of Macondo Networks, collected the honors at Investors’ Roxbury branch at Two Commerce Road in Succasunna.

The Movers & Shakers grand prize package comprised three key elements:

• The Grand Prize winners received $10,000 from Investors Bank.
• Each company will get an estimated $15,000 worth of advertising from WCBS 880 (WCBS-AM).
• The New Jersey Devils will create a special event for each winner and their guests in one of Prudential Center’s exclusive suites during a regular season hockey game. Digital and video advertising/messaging will be displayed in the arena for each of the grand prize winners on the day of their event.

“We value building productive relationships with small businesses that continue to drive to be examples of best-in-class companies,” said New Jersey Devils President Jake Reynolds. “We know these organizations are always looking for better, faster and more affordable methods to serve their clients along with improved ways to recognize their outstanding teammates. As we participated with our valued partners at Investors Bank in their Movers & Shakers program, we were strongly reminded that small businesses need solid leaders, a competitive edge and unstoppable energy to succeed. We are proud that this program shows that Alstede Farms and Macondo Networks are recognized today and given additional resources to achieve even more in the future.”

Sponsors also chose “Top 10 Finalists” from among the Movers & Shakers applicants. Each of these businesses, which include three minority- or women-owned companies, have developed innovative, viable and sustainable business models or products that distinguish their operations from even their larger competitors.

The finalists are invited to a virtual celebration hosted by WCBS 880 Small Business Reporter Joe Connolly.

“The Movers & Shakers competition attracted a truly incredible group of small businesses. Selecting the two grand prize winners and top ten finalists was very interesting and difficult because all these companies are performing at an ultra-high level, in every aspect of their businesses," Connolly said. "Even in a challenging economy, they are taking advantage of new opportunities and openings they uncover. That's what New York area business owners are doing every day. I thank Investors Bank for recognizing local business owners in this way and for asking me to take part.”

Thanks for reading! Learn more about posting announcements or events to your local Patch site. Have a news tip you'd like to share? Or maybe you have a press release you would like to submit or a correction you'd like to request? Send an email to russ.crespolini@patch.com

Subscribe to your local Patch newsletter. You can also have them delivered to your phone screen by downloading, or by visiting the Google Play store.