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Grants for BusinessesFederal Grants for BusinessesAccording to the SBA there are no federal grants available for starting a businesses. Most grants by private foundations are to non-profit organizations. There are some programs that make the grant to the non-profit organization, who then hires a for-profit business entity to complete the work or research specified in the grant. When you see headlines that say some well known company got started with government money, what they mean is that the company got an SBA loan, not a grant. Federal Grants for Research and DevelopmentThese grants are by the federal government for research and development in the private sector by independent companies who are not dominant in their industry. The person applying for the grant must work full time in the company receiving the grant. There are two phases. Phase I and Phase II, only those companies who have already received a Phase I grant are eligible for Phase II grants. Grant amounts range from $50,000 to $500,000 and are competitive. Department of Health and Human Services Department of Health and Human Services Division of Injury Prevention and Centers for Disease Control National Center for Research Resources National FoundationsIf you can present your company in such a way that it benefits society, you may be able to qualify for a foundation grant directly. Think creatively but not deceptively. National Foundations Allstate Foundation Carnegie Corporation of New York The Ford Foundation Metropolitan Life Foundation Readers Digest Foundation Rockefeller Foundation Xerox Foundation Federal Research GrantsThere are also grants by the federal government in addition to the SBIR grants or private foundations. Some states run cooperative and independent grant programs as well. Department of Agriculture Department of Agriculture Biological Sciences Department of Energy Department of Energy Department of the Interior Department of the Interior Department of Commerce Department of Commerce Department of Health and Human Services Department of Labor and Department of CommerceGrants available for minority owned businesses including Native American programs. Woman's Special Employment Assistance US Small Business AdministrationMinority Business Development check your local office. US Department of Agriculture has several grant and loan programs. Grants By Cities And Local OrganizationsGrants by cities for local redevelopment projects or restoration projects are occasionally available to qualifying businesses. These grants for the most part are for established businesses located in economically depressed areas. 31. Tax Credits and Services in lieu of Cash Many cities and states offer tax credits for a variety of programs, including training of employees and efforts to increase employment. There are also free services provided in the areas of business planning, marketing, and financial advice. Consulting services are provided for these areas at substantially discounted rates as well by participating professionals. Check with your local city, chamber of commerce and Small Business Development Center to see what's available.
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