**Have a business question? Submit your question.
Sherese Answer: “There’s no such thing as a free lunch” certainly applies here. The good news is that, yes, in some circumstances the government (at the state or federal level) as well as private foundations will provide grants to people trying to get a fledgling business off the ground. But those sources can be hard to find and have strict guidelines.
The reality is that most government funding goes to state governments and other government organizations, such as the Small Business Administration (SBA), which then deploys it across its network of Small Business Development Centers. These, in turn, offer seminars and one-on-one advice sessions, and hire consultants who offer free advice on starting and managing a business. The government also provides support to other nonprofits with similar goals, such as the SCORE program, which offers free counseling on small-business issues.
One way that the government does provide grant money to individuals, is through community block grants. These are grants allocated to a particular region (such as a city or a metropolitan area) where the government wants to promote growth, typically administered by that region’s SBA office or other small-business nonprofit organizations. To qualify for a block grant, your business has to demonstrate the ability to create jobs for the area.
A few other resources are the Federal Grant Website. This site provides a central location for interaction between grant applicants and the U.S. Federal agencies that manage grant funds. This is a great resource to search for grants that may be available within your community.
Also check out this article listing five great financial resources for grants. It’s a good list to take note of.
Main Point regarding small business grants: Everything has a price when it comes to money. Don’t make a quick decision or you could set yourself up for additional stress.
Good luck in your search and please comment or add additional resources in the comments section below.
If you want to increase your sales while waiting for your free money, join me for ICON.
© Effició, Inc.