There is much financial help available in the US for the entrepreneur by way of government grants to start a business. Many myths abound on government grants which leave people feeling confused or helpless. In some cases the US government works very closely with many state agencies who in turn offer a very large and attractive range of grants which are designed to either start or provide expansion finance particularly for small business needs. Without this grant money, there would be a great drop in the number of new business start-ups. Many businesses also would suffer, as without an injection of capital for carry-on expenses or expansion, they would never be able to reach their full earning potential.
It is no wonder that the government is heavily involved in providing grants to start a new business. Put quite simply, the economy depends on it. At any given time, the government is offering thousands of different grants for business needs. Three quarters of these are targeted towards the business that has less than 100 employees. Grants for big business make up the other 25% of the government business grant allocation.
The main reason why these government grants which are provided to start a business are so desirable, is because they represent free money. Many people are of the misconception that this grant money has to be paid back. It doesn’t. If it did, it would be called a loan and not a grant. The whole idea is for your business to become profitable. Not only do you benefit by making a profit, but the economy becomes a winner too. This is by far the best way that the government can help a business get on its feet and become successful.
The government grants to start a business are constantly changing. Their desire is to encourage business in all areas, from traditional through to hi-tech companies. Naturally there will be far more grants allocated to those wishing to start a business in such important fields as agriculture, retail and transportation because these are such in-demand areas and essential for the continued growth of the nation. Because of the enormous amount of government grants that are available, any business idea that has merit will be considered. The aim is to encourage people to start a business, or who wish to expand their existing business.
There are many good websites which are totally devoted to helping people sort through the maze of government grants. Because the choice of grants is so large, this in fact presents a problem to many who are looking to start a business. They just don’t know which type of grant is going to best suit their needs. It is best to persist though, because if you have a good idea to start a business, then there are sure to be government grants available. Would $150,000 be enough to start your business? Well, if you are a woman with a good idea then chances are that you would be eligible to apply for one of the government grants specifically designed to help a woman start a business of her own. Definitely worth pursuing!
Source : http://ezinearticles.com/?Government-Grants-to-Start-a-Business-For-Any-Worthy-Purpose!&id=627177