One option is investigating state and city grants. While there are few for-profit small business grants available directly from the federal government, many state development agencies offer direct small business grants and other types of financial assistance designed to encourage and assist entrepreneurs in starting or expanding a small business. States have an Economic Development Office or a Department of Commerce that you can contact to get information about grants in your state. Also check with your city’s downtown development authority (DDA) to see if there are additional financial incentives for having your business located centrally in your city. This is especially a good idea if your downtown is experiencing a growth burst or conversely if your city is experiencing a recession - in both cases most DDA’s will work hard to make their city more attractive to small businesses to get them to move in and stimulate the local economy.
Read Full Article Here: government grants for small businesses
April 21st, 2008 at 5:48 pm
[...] Spaghetti Harvest wrote an interesting post today on government grants for small businessesHere’s a quick excerptOne option is investigating state and city grants. [...]