Learn More about CDFI's and Small Business Resources in Michigan see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Bay Mills Housing Authority
CapFund New Markets LLC
Capital Fund Services, Inc.
Communicating Arts CU
Invest Detroit CDE
Little Traverse Bay Bands of Odawa Indians
Michigan Housing Trust Fund
Michigan Magnet Fund
Neighborhoods Inc. of Battle Creek
Northern Shores Loan Fund, Inc.
Port Huron CDE, LLC
Shorebank BIDCO, Inc.
Wayne County - Detroit CDE
There are many U.S. government grants that are available today. American citizens are not just aware or familiar with it because there is not advertisement about it. This is probably because there are no funds allocated for such announcements....
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.