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Can I get a Government Grant to Start and Grow My Small Business?
Source: The U.S. Small Business Administration Internet site
"It's not unreasonable to expect that the government provides grants for small businesses. People all over the internet are telling you it's possible, and some will charge you for giving you "details." The fact is, government grants are funded by your tax dollars and, therefore, require very stringent compliance and reporting measures to ensure the money is well spent. As you can imagine, grants are not given away casually. Whatever you've heard from speakers or read on the internet, federal and state governments do not provide grants for any of the following: starting a business, paying off debt, covering operational expenses.
That being said, some federal government grants are available to small businesses. But here's the catch—federal grants for businesses are typically aimed at specific industries and targeted causes identified by the government, such as scientific and medical research, conservation efforts, and so on..." Click here to read more
Where Can I Find Information on Funding to Start a Business?
"Foundations typically fund nonprofit organizations that qualify for public charity status under section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. By and large, foundations do not make grants to for-profit enterprises..." Read more at the Foundation Center.
The Federal Government does have a grant program called the Small Business Innovation Research (SBIR) program, "designed to support innovative research conducted by small business concerns that have the potential for commercialization of the subject of the research."
Finance & Loans
- Arizona Microloan Participants (PDF)
- Local lenders for SBA's microloan program which provides loans from $100 to $250,000 to small businesses.
- Catalog of Federal Domestic Assistance (CFDA)
- Government-wide compendium of Federal programs, projects, services, and activities which provide assistance or benefits to the American public.
- Money Tree Report
- The latest quarterly study of equity investments made by the venture capital firms.
- PPEP Microbusiness and Housing Development Corporation, Inc.
- This non-profit corporation offers microbusiness loans and other financial and technical programs to help businesses grow.
- Business finance information from the Small Business Development Center National Information Clearinghouse.
- U.S. Small Business Administration
- List of loan programs covered by SBA.
- Venture Capital Resource Library
- Directory of venture capital firms, investment banks, and related business finance information.
How to do Business with the Government
This section has information about special tax credits, job training incentives, financial assistance, entrepreneurial and workforce development available in Southeastern Arizona.
- Financial Incentives
- Tucson Regional Economic Opportunities, Inc. (TREO) provides assistance and programs to local businesses in expansion opportunities, leveraging state/federal tax credits and abatements, and access to workforce training grants. For more information, visit www.treoaz.org or call 520-243-1900.
- The Arizona Commerce Authority offers many incentives for Arizona businesses.