GovernmentGrants

Though contribution of women is steadily growing in the US economy, they face disproportionate challenges when it comes to securing funding for their small businesses. Even if they are able to secure the loan, the money given is comparatively smaller , and may be offered with more strings attached. Business grants for minority women pave the way for gender equity in business and other areas, such as entrep reneurship, research, art, and training. Small Business Growth Fund issues grants in the range of $5,000 to $25,000 . The grant money is not specifically for women of color, but you can apply if you meet the eligibility, as women, irrespective of t heir ethnicity, are considered minority when it comes to business ownership.     Amber Grant, started in 1998 in the honor of aspiring business owner Amber Wigdahl by Wom ensNet , offers two monthly business grants for minority women , worth $10,000. Amber died at the very young age of just 19. All women are eligible to ap...

Most federal grants fund programs that develop communities and help people in specific demographics, such as women of color, and Hispanic minorities. However, Government grants for individuals are available in the US to help them with their specific needs. These grants can be used for education, home repairs, and helping with first time home buyer down payments and closing costs. Remember that government grants for individuals are not the same as benefits programs which help people by providing funds for food, shelter, and medical care. On the other hand, government grants for individuals help boost a person’s chance of being a useful member of society that help the economy and family at the same time. The potential uses of government grants for individuals are endless; you just have to find the one that matches your needs and eligibility. The federal Pell Grant program pays $6,895 per year to a limited number of undergraduate students with exceptional financial need. Certain governm...

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 Tra...

Government personal grants are monetary funds that are given for specific purposes, but they do not replace benefits programs like food stamps. This is the free money given to the deserving which may use the money for various purposes. You do not acquire any debt when you get government personal grants as this free money is not required to be paid back. The money can be used for paying for education, buying a home, covering specific healthcare needs, funding professional work, and other purposes. Grants.gov has the most extensive database of all grant programs, including organizations and entities working on government-funded programs and projects. You may also find some grants and benefits programs on benefits.gov website .         The Low Income Home Energy Assistance Program is designed to cover heating and cooling costs for low-income households. These government personal grants are offered by states, which receive funding from the Department of Health an...