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How You Can Use Local Business Grants

What can they be used for?

The uses of local grant money can be as varied as the number of different grant programs you explore. Many grants from higher levels up at the state and federal level are bestowed on cities. There are often grant departments that function within a local city government, and their job is to find grants that can be used to fund city projects that will benefit all the citizens of the city. This can help a business because the city can get grant money to pay for the construction of roads that will bring customers to your business more easily, or they might pay for improving a downtown area to attract more people and customers to the downtown sector of a city or town where your business might be located, for example.

You might also find local grant money available to help you attend a trade show in the United States or even in other countries. This will assist your new business in finding customers and introduce your products to new markets, which would help your new business to grow.

Another avenue of resources is grant money that is bestowed on a local organization, usually a non-profit one or a foundation, and then the local non-profit makes various types of resources available for people who want to start a business. Often these resources are given to whoever is the focus of the non-profit foundation. It could be children and education. Or it might be women or minorities, or other types of beneficiaries. Sometimes money is available if your new business is located in an economically depressed area of a town, and if your new business will hire local people who come from an economically depressed background, then you will find many incentives available from a city or town to help bring your new business there.

If you are a professor affiliated with a local college or university, there is grant money available for research projects. Many of the research projects tend to be oriented toward the science fields, such as biomass energy and other types of technology, as well as environmental concerns such as renewable fuel research, and health-related research.

If you want to start a business that has a science and environmental focus, there is grant money available for individuals who partner with a university or other organization and work together on developing new types of products, typically with a renewable energy focus. The purpose of these types of project grants is to develop a product which can then be introduced to the public. In addition, at the local level you may find grants available for educational pursuits that would give you the skills you need to start a new business.

What can't they be used for?

Even with local area grant opportunities, they often cannot be used for an individual's business start-up costs. What is available at the local level are tax incentives, which can be sizable, and low-interest loans based on grant money that your local city or town received from the state or federal level. Local grants are also not usually available to for-profit corporations. Local grant money is often more available to non-profit corporations.

Every grant opportunity has specific parameters that must be met for applying for the grant, and if you are selected to receive the grant, what it can and cannot be used for. If you are awarded a project grant, then the money is usually used for funding the project, and not other expenses, so it pays to read the grant announcement carefully for all the details.




Every year, the government--local, state, and federal--gives away millions of dollars to people just like you for business ideas. Leon Edward shares information on government funding, Federal, State ,Local Grants , where to find start up business grants, sources, how best to fill out applications, grant management step by step tips, setting up a business steps at his website
http://www.business-idea-grants.com/

Learn where to find money for funding starting a business, grant sources, grant programs. Our onsite free information will walk you through step by step setting up a business as research required , business types, business plan, start up costs, business liscence, taxes, funding. Grant Programs and sources include Government Grant Money as Federal grants, State grants , Local grants, Federal assistance, grants.gov and Development Offices. Learn the Business Grants Step Management and 'know how' to spend your time, proposed business clarity, know your business needs, know how to avoid sccams. Learn online step by step How To Write A Grant Application including how to write a business proposal, the summary, grant justification, project description, budge, qualification proof, outsourcing if needed.

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