DURHAM — Durham is one of 20 cities with two-minute videos about themselves competing to be “fan favorite" and win $50,000 worth of IBM services, City Manager Tom Bonfield announced Thursday.

The competition is sponsored by Bloomberg Philanthropies and the Huffington Post in conjunction with the Bloomberg Mayors Challenge, a competition for innovative solutions to major urban challenges. Bloomberg’s competition carries a $5 million grand prize as well as four additional prizes of $1 million each.

Winners will be announced in March, according to Bloomberg, along with the city whose video wins the most “fan favorite” votes in an online poll. That winner gets a $50,000 in-kind grant from IBM to help it implement its innovative idea, along with publicity on the Huffington Post for a year.

The 20 videos may be viewed and votes cast at huff.to/Xps63X. The voting deadline is March 6. Other finalist cities include Chicago, Philadelphia, Phoenix, Boston and High Point.

Durham was selected for its proposal to create entrepreneurship hubs in three distressed neighborhoods to foster job creation, family stability, workforce training, and overall economic growth in those areas.

New York City Mayor Michael Bloomberg established the competition to inspire American cities to generate fresh ideas to solve major challenges and improve city life, which can be replicated in other cities with similar problems.