Very often the problem for a budding entrepreneur is the capital while initiating a business. Different types of government grants for starting a business, especially small business, are available as a solution for them.
In a highly competitive world where the scope of employment is dwindling pretty consistently, the most plausible alternative is small business that offers the scope of self employment. However, for most budding entrepreneurs the problem is that of getting the capital for running the business. Good news for such people is that the federal government has been providing resources in form of Government Grants for starting a business.
Learning about the Programs
It would be good for the prospective entrepreneurs to learn about the government grants for starting a business that are available for them. One of the programs is the Federal and State technology partnership program. Objective of this program is to boost as well as strengthen the technological capabilities and competitive vigor of the small business enterprises across the country.Value Added Producer GrantsAnother program that could come up very handy for the small enterprises is the value added producer grants program. Basic features of the program are as follows.In order to facilitate government grants for starting a business, the United States Small Business Administration or SBA was created in the year 1953. It was an independent agency that worked to help small businesses offering aids, counseling, assistance, as well as protection. Another major objective of the concern is to preserve free competitive enterprises in order to maintain as well as strengthen the overall economy of the nation. Most of the programs of the SBA are carried out through the state agencies and they include grants, loans, as well as counseling programs.
Major SBA ProgramsWhile the government grants for starting a business varies from state to state, the SBA has initiated some common programs. Major programs among them are the followings.
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