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Free Small Business Grants
If you are an enterprising entrepreneur who needs money to expand the business or if you feel that you have a wonderful business idea and want to go into one, then you can make use of free small business grants program. Free small business grants could be availed of right in your home state. These free small business grants are what you need to start or improve your business. Free small business grants are available at your disposal with a little effort. But not all states proved for free small business grants. Most though provide for financial assistance in the form of loans or incentives for small businesses.
The Department of Homeland Security (DHS) is offering free small business grants to those individuals who have good ideas pertaining to security-related innovations. Through the DHS’ Small business Innovation Research (SBIR), the free small business grants award will be open to U.S. companies with 500 or fewer employees. An initial free small business grants amounting to $100,000 for six months to conduct research to prove the scientific, technical and commercial value of their concepts. If DHS will approve their ideas, the successful companies may then apply for two-year free small business grants to develop prototypes of the product. Proposals must concentrate in the following areas: chemical and biological defense, information technology and marine security.
Although there are no free small business grants provided by the federal government, a number of state-run development agencies do provide free small business grants and other form of financial assistance to budding entrepreneurs that could help start or expand their small businesses.
Economic development agencies that extend free small business grants exist in the different states. Free small business grants can be found in Kansas, Nebraska, New Hampshire, New Mexico and Utah. The rest of the states do not have free small business grants but do offer financing and technical training services to individuals who want to go into small business.
Even though the federal government does not provide individuals with free small business grants, it geared its efforts in assisting individuals who want to start a small business through its support arm the Small Business Administration (SBA). The U.S. government through the SBA extends very attractive loan packages and the necessary technical support and training but no free small business grants for those who want to go into small business or to make the small business grow.
The U.S. Small Business Administration (SBA) is established mainly to support individuals who plan to start a small business. SBA started in 1953 and has since then helped thousands of budding American entrepreneurs to go into small business. SBA has offices in every state and worked with various non-profit, lending and educational and training organizations nationwide.
SBA intends to reach the 25 million small businesses that employ more than 50 percent of the total private industries work force. Small businesses account for more than 50% of the nation’s gross domestic product (GDP) too. And continuously generate new jobs for the U.S. economy.
With the huge contribution small businesses give to the U.S. economy, it is imperative that proper assistance and guidance should be accorded to those individuals who engaged in small business. Free small business grants are but a fraction of the benefits they truly deserved.
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