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What Should You Know About Grants for Small Businesses
Posted by: | CommentsIn this age of recession small business grants are required and needed more than ever.
The U.S. federal, state and city financial institutions are offering very attempting and affordable grants to non profit organizations and small businesses. But, before you apply for this kind of program for your small business financing, you might need some extra information in order to spare some time and not get disappointed later on.
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. That is not referred to the federal assistance or loans to individuals.
Keep in mind that grants from the federal government are mostly available to non-commercial organizations, non-profits organizations and educational institutions (e.g. education, medicine, scientific research…). Some of the federal grants are available for you but not directly- there are award grants that federal government provide to state and local governments in order to help them with economic development, and these are the grants you might be able to take advantage of in financing your small business.
State grants provide grants for expanding child care centers, developing marketing campaign for tourism or creating energy efficient technology. Often, these grants are not free money and need to be combined with loans or other financial sources.
Even though there are no direct grants for small business available from the federal government, many state development agencies offer direct small business grants and other types of small business assistance designed to help small companies owners to start and expand their business.
The federal government programs called small business grants don’t exist, but that doesn’t mean you should be discouraged. However U.S. Government agencies do award hundreds of millions dollars in grants for specific services, research and programs such as housing, transportation, energy, education etc. There are also some federal grants which target businesses owned and performed by women or minorities.
Grants.gov is official government website (and organization), where you can find all the information about this and see (and fill in) the application form. It was established as a governmental resource named the E-Grants Initiative, part of the President’s 2002 Fiscal Year Management Agenda to improve government services to the public.
They offer over 1,000 grant programs and provide access to approximately $500 billion in annual awards. More than 1,000 grant programs are offered by the 26 federal grant-making agencies, and these programs fall into 21 categories (agriculture, arts, business and commerce, community development, health, education, regional development etc), few of them are available to individuals and none of them are available for personal financial assistance.
Still, lately grants.gov programs had much success helping individuals. They have surpassed 300,000 submissions for fiscal year 2009. Submissions have grown by nearly 50 percent over fiscal year 2008. In fiscal year 2008 there were a total of 202,366 application submissions for the entire fiscal year. Much of the growth experienced this year may be attributed to the Recovery Act, which resulted in increased overall website traffic and application submissions.
Due to the rapid influx of traffic and subsequent strain placed on the system, many challenges were presented this year. Grants.gov however have maintained the single electronic entry-point for accessing grants from all 26 federal grant-making agencies, providing a unified and streamlined process for finding and applying for all federal grant opportunities.
For more info visit www.grants.gov
What you need to know about the first time home buyer stimulus
Posted by: | CommentsPassed in the Spring of 2009, President Barack Obama’s stimulus package contains some good news for people who want to buy a home but think they aren’t able to. First time homebuyers can receive tax credits to help them get into a home. In addition to providing a tax credit, this bill also allows for grants for first time homebuyers that qualify. The hope is that this stimulus will help boost the economy by encouraging renters to begin buying. In addition to being a helpful bill for first time homebuyers, it will also help support real estate industries.
There is no pre-existing paperwork that you need to file in order to be part of this stimulus program. The tax credit is filed at the end of the fiscal year and if you qualify you’ll receive money back on top of your tax refund. If you end up owing taxes during that year, your owed amount will be deducted from your tax credit.
The first qualification for the program is that you can’t have owned a home within the last 3 years. If you are purchasing a home as part of a couple, neither one of you can have owned a home within the last 3 years. The purchase of your home must fall between January 1, 2009 and December 1, 2009. The closing date of your home purchase must be within these dates. When you purchase during this year you’re eligible for up to $8,000 in the form of a tax credit.
If you purchased a home in between April and December in 2008, you may be able to qualify for another type of tax credit. There was a similar first time homebuyer stimulus bill that was passed in 2008 with slightly different qualifications. The 2008 tax credit had to be repaid, but the 2009 tax credit is yours to keep free and clear.
You’ll also need to meet income requirements in order to qualify for the tax credit. A single homebuyer can make up to $75,000 per year and still qualify. If you are buying a home as a couple, you can make up to $150,000 combined income. Individuals or couples who make more than this may be able to qualify for another type of credit based on another formula.
Additionally, you’ll have to keep the home that you buy under this program for at least three years after applying for the grant. If you end up selling before these three years are up, you’ll have to pay back the tax credit. You must live in the home that you buy as your primary residence. It goes without saying that the home must be within the United States in order to qualify.
Obama’s first time home buyer stimulus plan is a definite incentive to purchase a home, especially in this buyer’s market. Although the stimulus plan is designed to help buyers who were previously unable to purchase a home, you need to make sure that you can fiscally afford a home. Contact a real estate agent in your area to get started with finding a home to fit this program.
Joe Cline writes articles for Austin real estate. Other articles written by the author related to Austin Texas real estate blog and Austin real estate can be found on the net.
All About Grants
Posted by: | Comments“Education is expensive, if you want something cheaper, try ignorance,” this is one of the clichés that has ben well worn and said over a million times. But this cliché is a reality that painfully bites.
Nowadays, only a few numbers of students have parents who can really afford their education in college without placing excessive burden on their shoulders. The common scenario for youths today is working while studying at the same time, especially in college, working students as what they are termed.
Most often the academic performances of these working students’ suffer if they will not be able to manage their time wisely. But are we going to allow education to be exclusive only for the wealthy? The answer is, definitely not.
That is why education grants benefits and opportunities exist. The purpose of this is to help the students to sustain their college education by generating educational funds though minimal.
Grants unlike scholarships are based on the students’ specific need, if not a combination of needs and merits.
However, before you get this privilege, you have to be assured that you are eligible for the opportunity. Basically, the process of grants benefited both the students and the institutions that are using that grant money to develop the curriculum, employ new faculties, and construct new facilities.
The difference of grants to the scholarships and students’ loans is that it is given to the benefactor without any expectation of repaying it. Grant is a monetary gift. Scholarship on the other hand, is awarded according to the academic merit though it is also a monetary gift.
However, the students’ loans really differ among the three privileges. Students’ loan is the sum of money being borrowed by the student to finance his schooling with the agreement to repay it after some time with the corresponding interests.
The awarding of grants may come in general categories, or it may also be awarded to students who are pursuing a specialized degree program, like mathematics or business, or to various degree levels, such as Bachelors, Associate, Doctoral or Masters.
Also, grants may come originally from different sources: college and university, public and private organization, and federal state.
Since grants are specially meant for the financially unprivileged, certain grants exist for the deprived, underrepresented minorities and students. There are also some cases wherein the grant money is exchanged for professional service after the graduation. This is common to those taking up health care professions. The main purpose of this is to keep trained professionals in medically underserved regions.
Grants are particularly taken up by the adult students to return to college or to college programs that will direct them in reentering the place of work.
This is usual since college does not anymore require for the traditional age, specifically between 18 to 24 years of age. Americans nowadays are becoming more and more practical in considering several chances to receive a degree. And this modern perception has driven adult students to flock into colleges without the fear of public scrutiny unlike before.
The world today is requiring skillful and sharp new set of labor force for them to be able to join the flow of the competitive market. And for the applicants to be credible for these characteristics they must present a college diploma.
Hence, having a college degree is really vital.
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Learn More About Queensland First Home Buyer Grant
Posted by: | CommentsThe Queensland government has created an excellent incentive for first time home buyers to act now and get into a new home. Despite the rather gloomy housing market, the Queensland government’s First Home Owner Grant (FHOG) program strives to help first time home buyers get into a home, while stimulating the property market at the same time. Mortgage brokers Brisbane are well aware of the program, and an even newer boost is making this program all the more promising. The combination of these two great programs makes it more affordable than ever before for people in Queensland to get into their first home. The current program runs from 1 October 2009 to 31 December 2009.
Details Of The Boost -
Under the terms of the initial deal, first time home buyers received up to $7,000 for existing homes and up to $14,000 for new homes. The boost – which any qualified Brisbane mortgage broker would be quite familiar with – would essentially double that amount. In other words, first time home buyers could receive up to $14,000 for existing homes and up to $21,000 for brand new homes. Those figures are certainly quite eye catching and undoubtedly helped many people make the plunge into home ownership for the first time.
Those who missed out on that 30 September 2009 deadline, though, can take heart: the new phase of the program runs until 31 December 2009. Acting now is obviously key. Those entering into contracts after 1 October 2009 can still take advantage of the program, although the numbers have been halved. Still, $3,500 toward an existing home is great. Until the end of the year, when combined with the First Home Owners Grant, buyers can receive savings of up to $7000. Time is flying by, though, so acting now is imperative. If you’ve been thinking about buying your first home, now is definitely the time to do so in Queensland.
Additional Benefits Of Home Ownership -
In addition to taking advantage of the excellent offer from the Queensland government, owning your own home brings many other distinct advantages to the table. Most importantly, you will no longer be paying off someone else’s mortgage. You will be able to paint your walls, put up new fences, install an air-conditioning unit or perform any other renovations without having to obtain approvals from the landlord. Every mortgage payment that you make is a payment toward your future when you own a home, and it is also money in the bank. With the amount you will save through the offer from the Queensland government, that savings will be jump started in a truly appreciable and remarkable way.
Ask mortgage brokers Brisbane such as Brisbane Financial Services and work with them to figure out if you qualify for the government’s great offer. Your Brisbane mortgage broker will be able to look over your information and help you take advantage of it.
All About Free Government Grants
Posted by: | CommentsEach year the federal government awards approximately $140 billion in federal government grants. Unlike a personal or business loan, a federal government grant does not have to be repaid. There are no credit checks so individuals with less than favorable credit history can take advantages of the awards. Likewise, organizations with partners who may have undesirable credit may also apply. In addition, there is no need for collateral or a security deposit to be presented. United States residents and legal residents are eligible for federal government grant awards.
One of the largest recipient groups for federal government grant awards is women and minority owned businesses. There is over 1 billion dollars set aside each year to help a woman or minority owned business start up. Women businesses alone are allotted $20 billion in federal government grant award money. In addition to this, money is set aside to be utilized by selected woman and minority applicants for educational purposes. This can include going back to school or enrolling in college for the first time.
The federal government grant awards are allocated for educational purposes as well. For the purposes of a college education, the Pell Grant and the Stafford Loans are available grant programs. The current allocation amount for these awards is approximately $5 billion. The federal grant education program further breaks awards down into the undergraduate and graduate categories. This will entitle approximately 9 million people access to a higher education this year alone.
One of the keys to obtaining a federal government grant award is in the writing of the proposal or application. Leaving an application area blank or not filling it in completely could delay a grant application by a few weeks or more. Federal government grant awards are readily available to individuals and organizations. The only requirement is a little investment in time and research to find the grant program that suite the needs of an individual or organization in need of financial assistance.
Written by Justin Maeston. Find the latest information on Government Grants as well as Free Government Grants
All About Government Grants
Posted by: | CommentsThe government grants are basically funds provided by the government without any interest and which you don’t even need to pay back. The government grants are an excellent way if you want financial help irrespective of your credit ratings.
Qualification for a government grant
Not everybody qualifies for a government grant; there is certain criterion for it which has been fixed by the government itself. According to the U.S government, if you want a grant you need to have a complete knowledge about it and you have to compete with other people as well. However, there is never a surety about obtaining a government grant. The amount of the government grant you receive is always predetermined and cannot be changed later on. It is always advisable to apply for a government grant as soon as possible because it is often distributed on the first come first serve criteria.
Types of government grants
The U.S government offers several kinds of government grants to its citizens. These may include
1 Adoption tax credit
2 College student loans and grants
3 Disaster assistance for victims grants
4 Children’s health insurance grant
5 Employment and training grant
6 Federal grants for retirees
7 Home rental grants
8 Legal assistance grant
9 Medical care grant
10 Refugee settlement grant
11 Small business financial assistance
The basic purpose of government grants is to help those people who were refused for a loan by the financial institutions. In the United States of America, there are approximately 3,500 federal government grant programs and an estimated 20,000 scholarship programs.
Government grant for students
This is perhaps the most in demand and the most common form of government grant available in U.S. These grants are basically aimed at providing funds which can be used for filling the college fees or for higher studies. The student government grant reduces the financial pressure as you don’t need to pay it every month. These grants are distributed on the basis of age, IQ level and the academic accomplishments of the child.
Vital information regarding government grants
Before you choose a government grant, it is always recommended to do a proper research about it. Most of the government grants are offered to the non-governmental organizations as they primarily work for providing social services to the community. The best source to search for a government grant is the governments official grant website. The official website will give you complete information with the convenience of sitting at your house. You can also sign up at these sites for the application of obtaining a grant and also for regular grant alerts.
It is also important to note that the government grants cannot be obtained anytime; the application procedure only starts when the government makes a notification. Obtaining a government grant is not that easy as it seems, therefore it is advisable to work up on your qualifications first.
Get experts’ advice on government grants.
Read All About It: Detroit Youth Flourish as Journalists
Posted by: | CommentsUntil this year, Detroiter Allen Jackson’s summers had been filled with sports. But at sixteen, the eleventh grader decided that this summer, it was time to get a job.
With the city’s unemployment at record highs, Jackson’s chances of finding a job would have been slim if it were not for the Summer Youth Employment Program. Instead of being frustrated and broke this summer, Jackson found himself in the middle of a surprising adventure.
“I thought I’d be assigned to work outside,” Jackson said of the day he signed up for the federally-funded employment program. “I never thought I’d be running a magazine.”
This summer, Jackson and 25 other teens landed at Young Detroiter magazine one of the creative job placements that City Connect Detroit, the program’s administrator.
“We will have placed 7,000 youth in jobs by the time the program ends in March 2010,” said City Connect CEO Geneva Williams. “All work experience is valuable. But in addition to traditional placements with government or non-profit agencies, we were looking for opportunities to expose youth to business, green technology and creative jobs.”
Young Detroiter Magazine was one of those creative work sites. The magazine was started in 2007 by Rosetta LaMar, a 19-year veteran of General Motors who left when the company was downsized.
“It has long been a dream of mine to give back to the youth of Detroit,” said LaMar. “When I saw how negatively the media was depicting Detroit’s kids, I thought I would start a magazine to counteract that image.”
Her magazine—a non-profit supported by advertising, sponsorships, grants and old-fashioned fundraising—is now in all Detroit public high schools, along with schools in Highland Park, Oak Park, Inkster and Southfield. LaMar hopes to one day own a string of youth magazines in various states, with Detroit as the headquarters.
This summer, she agreed to accept 25 randomly young people from SYEP and expose them to journalism. Jackson turned out to be one of the stars.
“Like some of the other kids, Allen had his own personal issues,” said LaMar. “But he chose to step up out of his circumstances and make himself a better person. He was such a remarkable young man.”
Jackson felt that his experience on the basketball court helped him succeed this summer. “This is a team effort, just like sports,” said the Allen Academy High School student. “But this job also took me out of my shell. It was my job to make assignments and keep them on a publication schedule. I had to keep everyone on track.”
Jackson had said he wanted to attend Michigan State University to become a dentist before his summer job. Now, he’s also considering a career in business.
LaMar was also impressed by 14-year-old Briana Moore. Unlike Jackson, Moore had journalism in her blood before she worked at Young Detroiter Magazine.
“I love magazines, and after watching reality shows and TMZ, I knew I wanted to work on a magazine,” said Moore, who exudes a maturity beyond her years.
Moore was surprised, however, to find her place on the magazine was not in editorial, but marketing. “I tried marketing because I love to sell things, but having to write press releases also uses my writing skills,” she said. “I liked the idea of having to protect the marketing image of the magazine.”
Moore is entering Martin Luther King, Jr. High School this fall with a newly-kindled passion. “They should make the experience longer,” she said. “I love this job; it’s so exciting.”
“I just talked to Briana and her mom,” said LaMar. “They’re waiting for me to find the funding so that I can hire her back into the program.”
It has been LaMar’s life dream to launch a vehicle to promote the positive experiences of youth in Detroit. So it’s no surprise that in volunteering to train a random sample of teens this summer, Lamar found exactly what she was looking for: plenty of hope and lots of promise.
Become a fan of City Connect Detroit and learn about the success of Detroit
youth http://bit.ly/4mSM3X
The Truth About Government Grants And My My Home Based Business
Posted by: | CommentsWith more and more people starting up home businesses today, not everyone has got the required funds to make their dream come true. Nevertheless there is always the chance to get your hands on some free government money – or is it?
Government grants have been trumpeted around for many years now but is it that easy to secure? For the typical home based businesses particularly home internet businesses is it an easy option?
Depending on what kind of business you intend to start, you might be able to get a home business grant. These grants are usually government-issued. They are, effectively, ‘free money’ – as long as you use the money for what you say you’re going to use it for,
you don’t ever have to pay it back.
Generally, grants are designed to encourage specific kinds of businesses. It is always given for a very specific purpose almost never cover the full amount of whatever it is required for, leaving you to make up the rest yourself. Note that not all grants come from the government — some are given out by charities trying to further a cause, or by local community organisations.
Areas commonly covered by grants include businesses that provide training to their employees or are involved in exporting. Environmentally-friendly businesses tend to be looked upon favourably. And so are those that are involved in research and development although there’s fierce competition in this area.
If your business is developping an invention, you might be eligible for a research grant. This can go a long way in helping to cover patent applications costs and such like. Also, if your home based business provide services or jobs in places that need ‘regeneration’ then you are likely to be well-favoured.
Grants for training are some of the easiest to secure. If you’re planning to have any staff in the future for your home based business, you should really investigate them. If successful, you will get a grant towards the cost of training your employees an area
that will not only benefit your business but will also improve their future careers.
As a home based business, you need to bear in mind that whatever kind of grant you’re going for,
the biggest factor that influences whether you get it will or not is the area you live in. Grants tend to be locally-focused especially for areas that need regeneration.
From our investigation grants are not that easy to get. In fact, beware of anyone who makes securing grants look like a walk through the park. There are myriads of middlemen or ‘grant agencies’ who take a fee, and ‘guarantee’ to secure you a grant. This is highly improbable and like most other things, it is advisable never pay up front, no matter how tempting
an offer may seem.
You should be apply for the grants yourself. To do this, you will generally need a plausible business plan with an accompanying letter explaining why you should get the grant in question. This is where it’s important to show all your facts and figures, future business and financial projections. Usually, this should be at least between 4 – 10 pages long.
Pick what you apply for carefully, as it’s a waste of time to apply if you don’t meet the
criteria required.
Should you need help in applying correctly, the best thing to do is to phone up the organisation offering the grant and they will usually be eager to offer help and advice.
In short, it is possible to get a grant for your home based business even your home internet business depending on what kind of business it is.
For A Bona-fide Step-by-step Guide To Starting Your Home Internet Business visit the
Home Internet Business Guide And
How To Secure Government Grants
What You Should Know About College Grants
Posted by: | CommentsDue to the high cost of college tuition, higher education may be only a dream for some. However, most colleges recognize the financial need that most students have and are willing to provide scholarships and grants to those who qualify. For many, this can help them realize their dream of a college education. Below I will discuss what exactly a grant is and the types of grants available.
What is a Grant?
Grants are similar to scholarships in the fact that they do not need to be repaid. However, many grants require updated information on the progress of the student like their GPA and need to know that they are meeting all of the obligations to receive the loan. Some grants are given to graduate students to assist in funding research or to promote study in a certain field. If this is the case, these types of grants do not help fund tuition, fees, or other expenses; but only the expenses that are needed for research. The availability of grants for undergraduates is sparse. Grant awards vary in amount and often range from $100 up to $100,000.
Grant Types
There is a wide variety of grants that are sponsored by a plethora of organizations. The common categories for grants are: student specific, subject, degree level, or for minority communities. Some common grant types are: Federal Grants, State Grants, Minority Grants, Subject Specific Grants, Student Specific Grants, and Women Grants.
Federal Grants are disbursed by the Federal government. One common grant is the Pell grant that was established in 1972 and has helped millions of low-income students pay for college. Another well known Federal grant is the Academic Competitiveness (AC) grant. It is awarded to undergraduate freshman and sophomores with excellent academic records and a demonstrated skill for leadership and service.
State Grants are awarded by each state. These grants are awarded to residents of that state and are based on merit and a need for a particular area of study. Many states offer grants for a particular field of study that is needed in that state, undergrads, low income, non-traditional students, and those who are academically proficient.
Minority grants are awarded to minority students such as African American students. These grants have helped raise the percentage of African American’s who have attained a 4 year degree.
Subject specific grants are awarded with a specific group of students in mind. Some of the most common categories for this type of grant are: non-traditional students, low income, graduate, undergrads, high school students, and military.
Grants for women are pretty much self explanatory. These grants are for women to promote the education of women in programs where they number of women enrolled is low. These programs often include science, math, and business. These grants often assist women who are at a disadvantage or those who want to return to college to finish a degree or start a degree.
If you are currently attending school or someone you know is preparing to start college let them know that you can contact the local schools in the area to find out what types of grant programs are available. However, keep in mind that you do have to meet the requirements before you will be considered for a grant. Once you receive a grant, there are also requirements that you have to meet to keep the grant. Often these requirements include a certain grade point average or you have to be enrolled for a particular amount of hours. Once you fall below the required GPA or you drop below the required hours you will often lose your grant.
Know more about region-specific government grants Canada
Posted by: | CommentsBusiness owners and entrepreneurs always look for small business grants to expand their business. But it is very difficult to get such grants in Canada. Government grants Canada does provide such grants but it depends on certain fixed criteria. The list of such grants is not too long and it is presented to the deserving candidates after comparing their situations. The federal government in Canada prefers to invest in small business through programs which give out loans or assistance involving some kind of contribution which is shared in nature and going to contribute positively for the society like generation of employment, utilization of resources, etc. Government grants Canada are specially designed for specific groups which are divided into various categories across the provinces.
These days the Internet is flooded with offers of free government grants for small businesses. But one should not be lured into believing all of them. There are maximum chances of people being misled by a lot of bogus agencies or websites to believing them and the people being left spending huge sum of money for nothing. The same applies for government grants which are given out in Canada toward developing small business or to sustain or expand a business which is already running.
There are few genuine grants for small business that cater to a particular section of the people living in a particular part of the country. In simple terms, these government grants Canada help people to establish small businesses in particular areas of the country only.
For example, government grants Canada in Northwest territories are presented to small businesses, partnerships, or single entrepreneurship with a gross annual sales of US$500,000. People who qualify for such grants are mostly artists and craft producers and even licensed harvesters of any of the renewable resources. They are eligible for a maximum grant of US$5000 for any one of the business.
Small business grants for established farmers in Quebec is for hopeful and wannabe farmers within the age group of 18 to 40 who belong to Quebec and have just started or are interested to venture into agricultural business. This grant depends totally on the person’s educational qualification on the related vocation.
Apart from these, there are certain industries which are eligible for these government grants Canada. These small businesses include the Book publishing industry development program (BPIDP) and The Canada music fund. The purpose of BPIDP is to publish Canadian authored books which reflect the cultural diversity and the linguistic duality of Canada. The latter, i.e., the Canada music fund supports the people who wants to be self-sufficient in the music industry.
It might be difficult at times to find a small business grant in Canada. While there may be some small business grants which are available for all kinds of people but most of them are for selected group of people engaged in specific business. And among all these government grants Canada, there are very few which caters to the general people. At times there is need to match the contributors who are responsible for the grants. However, there may be some who match all the criteria and avail the grants to fulfill their dreams.
The government grants Canada offers grants for local businesses. These grants are mainly given out for sustaining small business across various provinces of Canada.