The Secret to Acquiring Business Grants

by: Michael Saunders

Since 2002, the federal government has been developing and implementing Grants.gov as a collaborative cross-government program focused on streamlining grants management for the Federal grant community.

Grants.gov is the one-stop-shop Website to apply for more than $400 billion in Federal grants.

Managed by the U.S. Department of Health and Human Services (HHS), Grants.gov is one of the 24 E-Government initiatives operating under the governance of the Office of Management and the Budget (OMB). The Website centralizes grant information and electronic submission for more than 1,000 grant programs across the Federal government.

Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right.

Business grants refer to a particular amount of money that is being granted by the government to a particular business. Some people may have thought of it as a “free financial support” from the government, but they are not. That is because there is an equivalent effort, time, and sweat entailed when requesting for grants.

Moreover, not all businesses can avail of business grants. Even if the government provides business grants to support businesses, certain qualifications are required prior to the approval of the business grants.

Primarily, your business should be a not-for-profit organization or it should include an expansion of a new knowledge or technology. If your business does not fall under these categories, you are not qualified for a business grant.

However, there are some instances that the government may award business grants if your business can prove that it can develop a new technology for economic advancement or if you can meet the requirements. You need to accomplish all the prerequisites at an agreed period to get the business grant. If in case you failed to meet the deadline, your request for a business grant will not be approved.

Secondly, your business should have a business plan. If you think you can qualify for business grants, you should consider having a business plan as well.

Getting the first stage of the application is just the start of your journey. You need to create a business plan in order to guarantee the government that you really intend to develop your business and help the economy. In this way, you can show them that your business aims to develop a knowledge that will boost the country’s economy.

What most unsuccessful businesses failed to realize is that business plans are extremely important when establishing a business. Statistical reports show that more than 85% of unsuccessful businesses do not have business plans.

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Did you know?

Applying at Grants.gov can reduce your costs and the time required to find government grant opportunities and process your application. The site provides access to multiple grantors and reduces paperwork.

By downloading a grant application package, you can view it offline, giving you the flexibility to complete the application when and where you want.

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The Secret to Acquiring Business Grants
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About The Author Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Government Grants for Women Owned Businesses and also edits HandsNet - A Human Services News Website.

Additional Government Grants Resources

Mechanisms Mediating Osteoarthritis in Aging
The National Institutes of Health, in close cooperation with The National Institute on Aging and the National Institute of Arthritis and Musculoskeletal and Skin Diseases, has recently established a program called Mechanisms Mediating Osteoarthritis in Aging in an effort to improve and encourage the characterization of new and underutilized models in order to gain a deeper understanding of mechanisms that are involved in osteoarthritic progression.

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What You Need to Know About the Grants Policy Committee
The Chief Financial Officers Council, one of the largest federal agencies that works towards collaboratively improving the process of financial management in the United States Government, has established the Grants Policy Committee(GPC).

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Department of Housing and Urban Development: Continuum of Care Homeless Assistance Programs
The CoC Homeless Assistance programs is designed to reduce the incidence of homelessness in established CoC communities, thereby the need to assist homeless individuals and families during the process of quickly transitioning to self-sufficiency and permanent housing.

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Grants From The Department of Justice
The DOJ was initially established to ensure the enforcement of the law and administration of justice, which is equivalent to the justice or interior ministries of other countries all over the world.

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Are You Eligible To Receive A Federal Student Aid?
The Department of Education offers several types of educational financial assistance such as grants, federal loans, and work-study programs. It is very much essential for student to determine which type of assistance will best suit his/her financial needs.

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2013 Mid-Atlantic Research Set-Aside Program
The Mid-Atlantic Fishery Management Council has recently established the 2013 Mid-Atlantic Research Set-Aside Program wherein it intends to solicit proposals that can successfully and efficiently address the Mid-Atlantic Research Set-Aside priorities relating to summer flounder, scup, black sea bass, longfin squid, Illex squid, Atlantic mackerel, butterfish, and bluefish.

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The Future Leaders Exchange Program: Host Family and School Placement and Monitoring
The ECA has constituted the Future Leaders Exchange (FLEX) program wherein it seeks to promote mutual understanding between the citizens of the United States of America and the inhabitants of Eurasia by way of sending secondary school students from Eurasia to live in an American community for a full academic year.

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