Plans by actor Clint Eastwood and pal James Bosworth, a former assistant pro at Pebble Beach, to create a new TV golf channel got a big boost from the state of Connecticut.
Back9Network, conceived as a golf lifestyle and sports channel to rival The Golf Channel, will locate its studio and corporate operations in downtown Hartford, Bosworth said.
To help with that effort, the state will offer a 10-year $750,000 loan at one percent interest.
Other incentives from the state’s Small Business Express Program include a $100,000 grant and a five-year $250,000 incentive loan at two percent interest for creating 10 jobs within one year, according to a release from Gov. Daniel Malloy’s office.
“We are thrilled to create new job opportunities for the existing workforce in the State of Connecticut, but also to attract new, vibrant and talented employees to the Hartford area,” Bosworth said in the release.
Back9Network launched as a startup in 2010 after Bosworth secured $45 million in private equity funding.
Prior to that he served in executive positions for Callaway Golf and Cleveland Golf.
Back9Network debuted some of their planned programming at the PGA Merchandise Show in Orlando back in January.
Eastwood, a primary investor, was there via video clip as the company’s “creative chairman” along with former NBA All-Star Ray Allen, who serves on the board of directors.
Some program offerings include a reality dating show called “Hole Lotta Love” and “Beer Cart Girl” about the comedic antics of delivering beers to a variety of golfers.
According to press reports Back9Network has been negotiating with broadcasters and cable companies and hopes to be on the air in the first quarter of 2013.
Read more at: back9network.com