According to Small Business Administration government grants are funded by your tax dollars
and, therefore, require very stringent compliance and reporting measures to
ensure the money is well spent. As you can imagine, grants are not given away
indiscriminately.
Grants from the Federal government are authorized and appropriated through
bills passed by Congress and signed by the President. The grant authority varies
widely among agencies. SBA has authority to make grants to non-profit and
educational organizations in many of its counseling and training programs, but
does not have authority to make grants to small businesses. The announcements
for the counseling and training grants will appear on grants.gov. If Congress authorizes Specific
Initiative Grants, organizations receiving such grants will receive individual
notifications.
Some business grants are available through state and local programs,
nonprofit organizations and other groups. For example, some states provide
grants for expanding child care centers; creating energy efficient technology;
and developing marketing campaigns for tourism. These grants are not necessarily
free money, and usually require the recipient to match funds or combine the
grant with other forms of financing such as a loan. The amount of the grant
money available varies with each business and each grantor.
If you are not one of these specialized business, both federal and state
government agencies provide financial assistance programs that help small
business owners obtain loans and venture capital
financing from commercial lenders.
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