What Are the Different Types of Government Grants for Small Businesses?
Government grants for small businesses are money provided by a national or regional government to a business to help fund its operations. Sometimes this money is given to an organization for a specific project, such as for scientific research, while other times it may be given based on who runs the business, such as for those run by women or minorities. A business is usually considered to be “small” if it has a limited number of employees, has relatively low sales, and is privately owned and operated. Grant money, in most cases, does not have to be paid back.
Government grants for small businesses are money provided by a national or regional government to a business to help fund its operations. Sometimes this money is given to an organization for a specific project, such as for scientific research, while other times it may be given based on who runs the business, such as for those run by women or minorities. A business is usually considered to be “small” if it has a limited number of employees, has relatively low sales, and is privately owned and operated. Grant money, in most cases, does not have to be paid back. Local and regional governments in the United States provide a multitude of financial programs in order to give small businesses some help in building their organizations. Some of the programs are economic and scientific government grants for small businesses, venture capital, and low-interest loans. There is one stipulation that it is important to remember when researching these grants: the federal government does not offer grants
