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Your Money Guide To Free Government Grants
Anyone thinking about going into business
for themselves, or wanting to expand an existing business should rush for the world's
largest "one-stop-money-shop" where FREE MONEY to start or expand a business is
being held for you by the Federal Government.
It sounds absolutely incredible that people living right here in the
United States of America wouldn't know that each year the world's largest source of free
business help delivers:
* over $30 billion dollars in free grants and
low-interest loans;
* over one-half trillion dollars in procurement
contracts; and
* over $32 billion dollars in FREE consulting and
research grants.
With an economy that remains unpredictable, and a need for even greater
economic development on all fronts, the federal government is more willing than it ever
has been before to give you the money you need to own your own business and become your
own boss!
In spite of the perception that people should not look to the
government for help, the great government give-away programs have remained so incredibly
huge that if each of the approximately 8 million businesses applied for an equal share,
they would each receive over $70,000.
Most people never apply for a FREE GRANT because they somehow feel it
isn't for them, feel there's too much red-tape, or simply don't know who to contact. The
fact is, however, that people form all walks of life do receive FREE GRANT MONEY and other
benefits from the government, and you should also.
HOW TO FIND FUNDING SOURCES WORTH BILLIONS
As with all grant seeking, the key to obtaining grants is preparation
and a knowledge about funding sources. Preparation means identifying programs that are
available, and then determining if you fall within their restrictions.
The following sources will be invaluable to you in locating thousands
of sources of FREE MONEY!
FEDERAL REGISTER: This daily publication contains changes, proposed changes, and notices
about rules and regulations affecting all government agencies and their programs. Federal
agencies must publish the program description, eligibility requirements, and program
guidelines in the Federal Register. For current subscription costs write to:
Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
CATALOG OF FEDERAL DOMESTIC ASSISTANCE: This publication lists a complete description of
every program in the federal government that makes funds available to private business.
Write to the U.S. Government Printing Office, Washington, DC 20402.
COMMERCE BUSINESS DAILY: This publication contains a daily listing of U.S. Government
procurement invitations, contract awards, subcontracting leads, sales of surplus property,
and foreign business opportunities. For current annual subscriptions costs write to the
Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
FREE FEDERAL MONEY GIVEN AWAY TO ASSIST BUSINESSES
GRANT MONEY FOR BUSINESSES IN POOR ECONOMIC AREAS: Contact the Economic Adjustment
Division, Director, Economic Development Administration, Herbert Hoover Bldg., Rm. H7217,
Washington, DC 20230.
GRANT MONEY FOR MINORITY BUSINESS DEVELOPMENT: Grants are awarded up to $2 million dollars
to stimulate growth. Contact the Minority Business Development Agency, Department of
Commerce, Washington, DC 20230.
FREE MONEY TO PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED BUSINESSES: Management and
technical assistance is provided free to disadvantaged businesses. Contact the Associate
Administrator for Small Business, 1441 L Street, NW, Rm. 602, Washington, DC 20416.
GRANT MONEY FOR INVESTORS IN RENTAL APARTMENT BUILDINGS WHO ARE IN FINANCIAL TROUBLE:
Contact the Chief, Program Support Branch, Management Operations Division, Office of
Multi-Family Housing Management, Department of Housing and Development, Washington, DC
20420.
GRANT MONEY FOR WOMEN'S ENTERPRISES: Up to $200,000 dollar grants are awarded to women in
business annually. Contact the Office of Women's Business Ownership, U.S. Small Business
Administration, 409 Third Street, SW, Washington, DC 20416.
GRANT MONEY FOR REAL ESTATE INVESTORS WHO RENT TO ELDERLY OR HANDICAPPED PEOPLE: Contact
the Director, Office of Multi-Family Housing Management, Dept. of Housing and Urban
Development, Washington, DC 20410.
GRANT MONEY FOR INDIAN-OWNED BUSINESSES: Contact the office of Tribal Services, Bureau of
Indian Affairs, 1849 C Street NW, MS #4603-MIB, Washington, DC 20240.
FREE STATE GRANT MONEY
There simply isn't enough room in this report to begin listing all the
FREE MONEY programs that are available from the federal and state governments. We can tell
you however, the general types of programs that are available and where to begin.
As you contact different agencies for grant money, learn not to accept
"no" as a final answer. There are so many new programs being offered each year
that often an agency's own employees won't be aware they are offering the one you ask
about. If being persistent doesn't help, get in touch with your congressman and let them
track down a program that meets your needs.
TYPES OF PROGRAMS AVAILABLE THROUGH
STATE AND FEDERAL AGENCIES
FREE MONEY: Usually through direct grants that do not have to be paid back.
BUSINESS CONSULTING: Free management advice is offered on almost every business subject by
the Department of Economic Development to minimize new business start-up management costs.
BUSINESS SITE SELECTION: State hired specialists are available to assist new entrepreneurs
select the best possible location for their new business.
MANAGEMENT TRAINING: Most states will assign specialists to work with a new business with
one-on-one management training.
EMPLOYEE TRAINING ASSISTANCE: This program provides FREE MONEY to train employees. FREE
MONEY is also available to send employees to school.
RESEARCH & DEVELOPMENT GRANTS: FREE MONEY is available to attract high-tech related
companies.
PROGRAM CONSULTANTS: States have highly trained management consultants who will locate
Federal Grant Programs and help you through the application Process.
FORMS & DOCUMENTS: State professionals will help a new business owner apply for
permits, licenses, or any other legal document a business may require.
VENTURE CAPITAL FINANCING: This method can provide FREE MONEY in the sense you wouldn't
have to pay it back. You would, however, probably have to give up part of the ownership of
your business in order to receive financing. Most states have their own venture capital
finance terms that invest in high risk businesses.
MINORITIES & WOMEN: FREE MONEY grants are available in most states for women or
minorities who want to start a business.
LOW INTEREST LOANS: A state may raise money through industrial revenue bonds to buy your
fixed-asset equipment. The public, which invests in these bonds, do not pay taxes on the
earned interest. When a low interest loan is granted, the states does not guarantee that
investors will get their money back if the business fails. If a state issues a general
obligation bond, a public investment is then guaranteed. The states will also make direct
loans at low interest, or even co-sign a commercial bank loan. If a state co-signs a loan
for you, it may subsidize your interest and reduce an already low-interest rate lower yet.
SMALL BUSINESS DEVELOPMENT CENTERS
Every state has Small Business Development Centers who can match you up
with the right FREE MONEY grant program. All development centers offer free counseling to
anyone wishing to start or expand a business. Their services are varied but include: FREE
seminars, workshops, business planning, feasibility studies, marketing research,
management analysis, sales technique, financing, exporting, inventory control, accounting,
record keeping, and grant applications. Whatever your questions about FREE MONEY grants or
starting a business, refer to your telephone directory under State Offices and contact
your Small Business Development Center.
GETTING FREE MONEY FROM VENTURE CAPITAL SOURCES
A venture capital company is another source for FREE MONEY in financing
your business plans. But since they are willing to assume some risk by investing in your
business, they also expect some equity in the business itself.
Venture capital companies invest in projects they feel will be
successful and bring a return on their investment. If you are interested in asking a
venture capital company to invest in your business refer to your telephone directory under
Venture Capital Companies or Investment Companies, and contact those who are in the same
area you want to start your project in.
SMALL BUSINESS INVESTMENT COMPANIES
Small business investment companies can provide your business with the
capital it needs by; 1) giving you a free loan; 2) making a stock investment in your
business; or 3) offering a combination of the two.
Small business investment companies are in the business of making money
just like any other business. The biggest difference between them and another investor is:
1) They are privately managed firms who are licensed and partially
financed by the federal government's Small Business Administration.
2) All of its transactions are regulated by the government.
3) Their success depends on the growth and profits of companies they own
stock in. They often give money in exchange for stocks.
4) Their loans usually carry lower interest rates than commercial banks.
5) Straight loans repayments are carried over a longer period of time.
6) Most businesses are eligible, especially if they are 50% minority
owned.
For a complete listing of the thousands of Small Business Investment
Companies, visit your local library and ask for the SBIC Catalog. Study the catalog and
note the companies that specialize in your area of interest. Then write them and request
more information on what they have to offer.
WRITING A SUCCESSFUL GRANT APPLICATION
To write a successful grant application for FREE MONEY it should be
well planned. You should be familiar with exactly how a particular agency prefers to have
their grant proposals completed. If you have to prior experience in writing grant
proposals, this is another area where your State Small Business Development Centers can
help.
WORK CLOSELY WITH THE FREE MONEY GRANTOR AGENCY
Once you decide which government agency you want FREE MON_EY from,
contact them and ask for a grant application kit. Get to know some of the grantor agency
personnel. Experts love to talk about their programs, so ask for advice, suggestions, and
criticisms about your proposed project.
In most cases, the more an agency knows about your grant proposal, the
better your chances will be of getting support from the personnel who ultimately approve
your FREE MONEY request.
Often it is a grantor's advantage to send their grant proposal summary
to an agency official they have developed a contact relationship with, and ask them to
review and return it to you with their comments. Be certain this approach is acceptable
with your agency contact. You wouldn't want a first draft mistakenly processed before it
was finished.
Making a personal visit to the agency's office in your area is also
important. Face to face contact will help you understand eligibility requirements,
deadlines, maximum FREE MONEY amounts you can apply for, and other details you want to
know about. You can also utilize an agency's library and determine through books,
brochures, and conversation if there are other agencies you could apply to for FREE MONEY.
There is nothing that says you can't apply for two, three, or more FREE MONEY grants at
one time!
ESTABLISH YOUR OWN PROFESSIONAL NETWORK
Do some networking and maintain continuous contact with people who can
gather information for you about FREE MONEY GRANTS. Nothing can be substituted for
personal contact with the decision makers who are in charge of grant programs. Learn to
use your personal influence (and theirs) to achieve your goals.
The U.S. Government Printing Office maintains a wealth of information
that people never take advantage of! Write to them and ask for a copy of the "U.S.
Government Directory" and ask for a list of books, brochures, and documents that
covers your field of interest. Tell them you are especially interested in obtaining
information about FREE FEDERAL MONEY that's available to private citizens.
Remember, "FREE FEDERAL MONEY" doesn't mean you have to
travel to Washington, DC. It just means finding out where the agencies are within your own
states and local governments. The contacts you want to make may only be minutes away.
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