U.S. Grants for Small businesses

Small talk: Oregon s small business regulations land in bottom

Identifying and acquiring operating capital is a major challenge for many small business owners. In many instances, an entrepreneur may not qualify for a loan or line of credit. In addition, he may not be able to secure money from individual and corporate investors. In this situation, a small business owner may look to the United States government for salvation. The federal government issues a variety of grants to those who qualify. Unlike business credit and money received from backers, grants do not have to be repaid.

Eligibility

In most cases, the U.S. government does not provide grants aimed at establishing or expanding a commercial enterprise. Although there are exceptions, for-profit companies are usually eligible only for government loans. Grants are plentiful, however, for nonprofit organizations. Examples of the types of businesses often awarded grants include educational institutions and 501(c)(3) corporations.

For-profit firms must meet certain criteria in order to be eligible to receive small business grant monies. The U.S. government places size restrictions based on the industry in which the firm operates. For example, manufacturing and mining firms must generally employ fewer than 500 people, while wholesale trading firms must have fewer than 100 employees.

Some industries are restricted by total revenue, as opposed to the size of the employee population. Grant applicants in the retail and service industries, for example, must earn less than $6 million annually, while those in construction cannot top $28 million. In addition, special trade contractor businesses are capped at $12 million, and agricultural enterprises must not earn more than $750, 000 per year.

As is the case with many government-sponsored programs, there are exceptions to the rule. Businesses can learn about exceptions by contacting the Small Business Administration directly.

Finding Federal Grants

The U.S. government maintains an online resource aimed at helping small business owners identify grants for which they might be eligible. Grants.gov is a government administered site that provides a searchable database with information regarding grants available to organizations in a variety of industries.

Application

Once an applicant has identified a grant for which he is qualified, he may apply for it directly via the grants.gov portal. This system provides step-by-step instructions regarding the federal grant application process. After an application has been submitted, the applicant is given a tracking number that allows him to monitor the status of his application.


2011-10-19 12:56:21 by GodAlmighty

Conservatives want to end support for America’s

Fastest growing industry
n these grim economic times, one U.S. industry has defied gravity. Not only is it growing, it's the fastest growing industry in the country. It now employs 100,000 Americans at 5,000 mostly small businesses spread across all 50 states. Unlike in so many others, in this industry the U.S. has a positive trade balance with China; it is a net exporter of high-tech manufactured products.
In addition to being successful, this industry is wildly popular with the American public, across regions, demographics, and political parties. It has been embraced by mainstream institutions from Walmart to the U

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