Which all first-time business owner grants are available to entrepreneurs in the USA?
Small business grants are provided to help you expand, reach out to new customers, and grow. Government agencies are among the biggest distributors of first-time business owner grants, supporting a range of enterprises. Though the grant money is not required to be repaid, it is not a handout, you need to meet certain eligibility criteria to win first time business owner grants. Most grants are awarded to businesses that innovate or contribute to a social cause. These are not immediate, and do not consider them as a short-term funding solution. Small Business Innovation Research (SBIR) and Small Business Technology Transfer Program (STTR) are longstanding funding programs for research-based businesses with potential for commercialization.
The US Economic Development Administration provides first time business owner grants, resources, and technical assistance for communities to support entrepreneurship and innovation. If your small business is engaged in scientific research and development, you can qualify for first time business owner grants under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Your local Small Business Development Center (SBDC) provides business grants, often through the state’s economic development agency or local universities, and also counseling, training, and technical assistance. Minority Business Development Agency (MBDA) helps first time business owners access capital, secure contracts, and compete in the marketplaces.
More federal business grants
USDA’s Rural Development Business Grants are provided to support businesses in rural areas in order to create quality jobs. First time business owner grants are available to community projects and development of housing. Some grants are specifically available to women business owners, such as Amber Grant, that gives an award of $10,000 to qualifying female business entrepreneurs each month. Boston Women’s Fund provides seed money, program support, and operational funding for women-led grassroots community efforts. Environmental Protection Agency (EPA) offers many first-time business owner grants to small businesses that are trying to improve the environment, particularly in innovative ways.
Grants for disadvantaged microentrepreneurs
SBA’s State Trade Expansion Program (STEP) assists small businesses desiring to export products. Small businesses meeting the criteria by the state can apply for STEP grants. Economic Development Administration (EDA) offers ongoing funding opportunities for projects that support regional and national economic development. The US Department of Agriculture (USDA) administers Rural Business Development program that provides financing to strengthen and grow small businesses in rural communities. Program for Investors in Microentrepreneurs (PRIME) offers federal grants to microenterprise development organizations so that they can provide assistance to disadvantaged microentrepreneurs.
Many state and regional grants are available for first time business owners. Your local Small Business Development Center (SBDC) provides support as well as business financing opportunities to small businesses and aspiring entrepreneurs. Your local Chamber of Commerce should be able to connect you with first-time business owner grants that fit your situation. You can get information on more grant opportunities, such as minority grants, childcare grants, minority grants, rental & apartment grants, and more grant opportunities at GovernmentGrants.us, by paying a monthly membership fee of just $29.95. This membership fee is refundable in case your grant application is rejected. Moreover, you can also hire professional grant writers from GovernmentGrants.us.
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