Available Grants For Small Businesses

by Caron_Beesley, Community Moderator

  • Created: October 17, 2011, 7:43 am
  • Updated: April 30, 2012, 6:59 pm

Does the government provide grants to small businesses? Ah, well, yes and no. It depends on what business you are in, what kind of return the government and taxpayers can expect from their investment and whether you match some very stringent eligibility requirements.

Here are some facts about government grants for small businesses, including who is eligible and how you can go about finding them.

Can I get a Government Grant to Start and Grow My Small Business?

It’s not unreasonable to expect that the government provides grants for small businesses. People all over the internet are telling you it’s possible, and some will charge you for giving you “details.” The fact is, 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 casually.

Whatever you’ve heard from speakers or read on the internet, federal and state governments do not provide grants for any of the following:

  • Starting a business
  • Paying off debt
  • Covering operational expenses

That being said, some federal government grants are available to small businesses. But here’s the catch —federal grants for businesses are typically aimed at specific industries and targeted causes identified by the government, such as scientific and medical research, conservation efforts, and so on.

At the state government level, business grants or “discretionary incentive grants” are sometimes available and, again, are closely tied to the agency’s agenda. These grants usually serve to advance regional economies and promote causes, such as clean energy development. However – and here’s the crux of the matter – state grants are often targeted at larger employers and have stringent eligibility criteria that prevent many small businesses from tapping into this funding source.

My Small Business is Involved in R&D, Am I Eligible for a Grant?

If your small business is involved in scientific research and development (R&D), you may qualify for federal grants under the Small Business Innovation Research (SBIR) program.

Caron_Beesley's Profile Picture
2012-06-29 12:45:27 by out_the_window

Scholarships/Grants for art students?

Hi All!
I'm going to be taking courses at NC State in the Fall to obtain my masters degree in Art and Design. I have been searching up and down for scholarships and grants, and I have found few available for grad students. I'm looking for local businesses or groups who provide scholarship opportunities (no amount is to small by any means), and I am also looking for information on any scholarship/grant sites that I may have overlooked in my search. I am a 26 year-old-old female with a bachelors degree in Fine Art, previous GPA of 3.6. Any ideas or info? Any and all help is greatly ap

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