Apply to these grants to start a business, and make your business more impactful

Startup businesses often struggle to get loans and seed capital to thrive in a competitive marketplace. However, grants to start a business make it possible for many small business owners and microentrepreneurs to become more competitive and reach out to a wider customer base. Occasionally, funding is provided along with some form of mentorship and support. The US Small Business Administration (SBA) offers grants to start a business through its PRIME (Program for Investors in Microentrepreneurs) and other programs, to help disadvantaged startups grow and thrive. The US Economic Development Agency provides funds, resources and technical assistance to startups, and also for encouraging entrepreneurship and innovation.

Minority Business Development Agency (MBDA) runs a national network of business centers that provide grants to start a business to minorities in the country. The agency usually holds an annual competition for this purpose. SBA funds state governments to implement State Trade Expansion Program (STEP), which provides grants to start a business, and covers costs for its establishment and expansion into international markets. In the year 2023, the Economic Development Administration’s (EDA) program made more than $45 million in federal funds available to build regional economies through technology-based economic development and initiatives.

 

Technology-focused grants  

You can find many more grants to start a business at Grants.gov, which has the most comprehensive database of grant awards that directly flow from the federal government. You can also check for eligibility and award amount before applying. Small Business Innovation Research (SBIR) program is a competitive grant program that provides funds to startups for supporting their scientific and technological innovation efforts. In the first phase, grant money from $50,000 to $250,000 is given for six months, followed for $750,000 for the next two years. Similarly, Small Business Technology Transfer (STTR) program also provides grants to start a business that focus on technology industry.

 

Grants for women  

State Small Business Credit Initiative is a $75 million competitive grant program that provides free money for technical assistance, and financial management guidance. Service Disabled Veteran-Owned Small Business Program award at least 3% of all federal contracting dollars to eligible businesses. To be eligible for this grant to start a business, your business must be over 50% owned or controlled by one or more service-disabled veterans, have day—to-day operations, and long-term goals managed by at least one service-disabled veteran. Women Owned Small Business (WOSB) Federal
Contracting Program seeks to award at least 5% of federal contracting dollars to women-owned small businesses annually.

 

Many more grant opportunities are available  

To be successful with these grant opportunities, you need to ensure that you meet the eligibility criteria, and also provide correct information in your application, along with a winning business plan for consideration by the grantor. Help is available right away at GovernmentGrants.us if you need professional guidance to write a winning application for grants to start a business. Moreover, by paying a small monthly fee of just $29.95, you can get information about other grant opportunities also, which include minority grants, childcare grants, first time homebuyer grants, training & research grants, and more. This monthly membership fee will be refunded to you in case you application is rejected. For this, you just need to send the rejection letter to GovernmentGrants.us within 90 days.


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