Thursday, April 15, 2010

Small Business Grants - Do You Qualify?


When most people hear the words "government grants" they immediately think about starting a new business. And when they think of starting a new business, the first and only source of funding they think is available for them is from the federal Government. For an unknown reason, many people tend to see the federal grant programs as the most lucrative ones. Maybe because of all those TV infomercials late at night?

You might be surprised to discover, grants are given out by all three of the governing entities on a regular basis: the federal, state and local governments. It might be surprising how lucrative a grant you can get the area you live in, or perhaps your own town, even if it's strapped for cash.

If fact, a distressed city is more likely to hand out lucrative land grants to the good hands of an entrepreneur because they see this as an oustanding chance to give a boost to their economy. You see, your business can create jobs for many hard working and loyal residents, AND generate tax revenue for the city simultaneously! An absolute Win-Win situation!

There is nothing that can stop you from getting assistance from all three levels of government. Federal, state and local. The truly great thing about getting grants from a city is that if the grant doesn't already exist, you can petition the city to create one. YES! You heard me right! You can petition them through the city council for many things, like changing zoning variances for you. But keep this in mind: if you plan to go this route, you've got to make sure that your plan is REALLY GOOD, that it benefits the city, and that it benefits it well!

For those of you who don't have a business plan right now get this: is it possible for you to truly believe that both federal and state govenments have lists - yes, lists - of business types drawn up that they are ready waiting and willing to hand out government grants to start a business for? In many cases they are even going to provide you with the training, coaching and guidance you need to run a business, if, of course, you choose to start it now!

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