Federal Grant Money

Whether you agree or not, Canadian governments, at all levels, are actively involved in the business community. Each year they award hundreds of millions of dollars to small, medium and large enterprises in the hopes of stimulating local economies, fostering economic development and creating employment. How successful they have been is anyone’s guess. Governments have rarely conducted a thorough cost-benefit analysis of their labour market interventions. It is reasonably safe to assume however that they have had their share of successes as well as those they would prefer to forget. . . . → Read More: Small Business Grants Loans:Veteran Owned Small Business Grants

A persuasive salesman would tell you that they could sell you a extraordinary list of funders who gives “free money” to begin a business. I’m telling you, don’t believe them. Despite the fact that there are some programs which helps women who wishes to put up a business for themselves. These loans are usually for education, loans for development or tax credits rather than grants. Funders of grants don’t offer money for start-up profit business. The government would not do it; even the IRS won’t permit private foundations to do it. So could you have a grant?Local, state and federal government encourage all women to start up and run their own businesses. One way of doing this that also has been giving extra “points” to grant applicants from organizations or businesses that are led or owned by women. Businesses that are owned by women, people with disabilities and minorities and are also called HUBs (historically underutilized businesses) since they have received a disproportionately small share of grants, government business or low-cost loans in the past. There is no government agency that gives grants directly to a person planning to start-up a business no matter who owns them. So how could a woman find a government grant for her business? . . . → Read More: Small Business Grants Loans:Facts About Government Grants For Women-Owned Small Business