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What To Know

Thursday, July 24, 2014

Rural Business Enterprise Grants Increase Opportunities For Native Americans In 18 States

The U.S. Department of Agriculture (USDA) recently announced grants awarded to organizations in 18 states to support small businesses in rural America and improve the quality of life for Native American residents. The $2.7 million in recent funding is part of the Rural Business Enterprise Grant Program (RBEG) that has awarded more than $170 million in economic development assistance since its beginning.

States recently funded

The most recent states who received funding from the program include Alaska, Arizona, California, Connecticut, Idaho, Louisiana, Maine, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, and Wisconsin. The funding went to organizations who provide products and services that directly impact the lives of Native American citizens.

Sunday, July 20, 2014

SBA Seeking Grant Proposals To Fund Special Projects

The U.S. Small Business Administration (SBA) has opened the door to accept applications for grants on special projects. The organization plans to award up to $1.5 million to both for-profit and non-profit organizations who support small disadvantaged businesses participating in the agency's 8(a) Business Development Program.

About the 8(a) Business Development Program

The 8(a) Business Development Program is a business assistance program developed by the SBA specifically for small disadvantaged businesses. The 8(a) Program offers a broad scope of assistance to companies that are at least 51 percent owned and controlled by socially and economically disadvantaged individuals.

Thursday, July 17, 2014

California Bay Area Companies Receive $200,000 in Grants From The EPA

Every year, the Small Business Innovative Research Program, part of the U.S. Environmental Protection Agency, awards grants to companies for their work and achievements in green technology. The coveted SBIR grants are always seeking small businesses to fund.

Recently the EPA awarded two grants, each at $100,000, to two companies in the California Bay Area.

21 Small Businesses Receive Funding

The California companies are two of the total 21 companies so far who have received funding from the EPA for their work in the development of sustainable and innovative products and processes. The purpose of the grants is to increase technological innovation and commercialization within the private sector, and encourage participation by disadvantaged and women-owned small businesses.

Sunday, July 13, 2014

Sunoco Foundation Grants

Sunoco Foundation offers grants to fund specific projects that educate and develop skills for the workforce; promote environmental stewardship and responsibility; and make communities great places to live and work.

Businesses may apply if their projects meet the criteria for the foundation's funding. Individuals, national and international organizations are not eligible. Grant awards are given based on how well the business activity meets the foundation's goals, the level of impact the project will have, and the foundation's available funds. Eligible businesses must be non-profit organizations.

Tuesday, July 8, 2014

Motorola Offering Grants For Programs That Improve Public Safety

Motorola Solutions
Motorola's charitable Motorola Solutions Foundation recently announced that grants are being offered to non-profit organizations who focus on public safety. Non-profits who offer education and training that help improve public safety in the U.S. or Canada are eligible to apply.

Eligible programs

Programs that are eligible for grants include those that provide education to the public on matters of safety, and programs that train first responders and support families who have lost loved ones who were first responders. Grants can be anywhere from $1,000 to $15,000 and are for local programs.

Sunday, July 6, 2014

How To Increase Your Chances of Winning A Business Grant

Grants are money that is awarded by organizations, non-profits and others to businesses whose products or services meet the donor's criteria. Each donor has a specific focus area, and grant money is based on how well applicants meet the qualifications. It's free money that doesn't have to be paid back, but the application process can either make it or break it for you.

Sources of grants

One fact that small businesses need to know is that there are very few grants offered by the federal government. And of those that are available, only about 5 percent go to businesses. The rest are awarded to universities, public safety organizations, law enforcement and other organizations. However, small businesses should not overlook possible grants from state and local governments, charitable organizations and corporations.

Thursday, July 3, 2014

Rural Grants Help Local Businesses Grow in South Dakota

If you were a small business owner in South Dakota, you'd probably be thrilled to get a $10,000 grant in free money that doesn't have to be paid back. That's exactly what is happening to small, rural businesses through the Dakota Rising Entrepreneur Fellow Program.

The grants are being offered by the Governor's Office of Economic Development. Four small business owners will each receive grants of $10,000 to help expand their businesses. In addition to the grants, recipients will receive business advice from a network of peers to support their efforts in developing and expanding their business.

Sunday, June 29, 2014

Forgivable Loan Program Offered to Small Businesses in Cleveland and Cuyahoga County

The Municipal-Small Business Initiative is a program developed in partnership by Cuyahoga County, Cleveland, and Shaker Heights, Ohio. The program provides loan money for small businesses, especially minority-owned, that might otherwise not be possible.

How the program works

Small businesses can qualify for loans to fund a promising business plan, project or strategy. Business owners must be able to kick in 10 percent of the money needed. Once the business owner is accepted into the program, they can qualify for a 15 percent performance grant, which is actually a forgivable loan of $15,000 on a $100,000 funded project. They can then apply for an SBA-backed loan from a participating SBA bank.

Thursday, June 26, 2014

Win $25,000 For Your Business in the Wells Fargo Works Project!

June 30, 2014 is the deadline for small businesses to enter either a video or an essay for a chance to win $25,000 for their business. Five small businesses will each receive $25,000, plus 25 finalists will each receive $1,000.

Eligibility requirements

Business owners must be at least 18 years old and U.S. citizens. Owners must be in business for at least 6 months and own at least 50 percent of the business. Businesses must be in good standing at the time of entry. Other requirements include:

  • Annual revenues of no more than $20 million
  • No more than 100 part-time, full-time or volunteer employees

Sunday, June 22, 2014

North Carolina Awards $800,000 in Recycling Grants

Every spring, The North Carolina Department of Environment and Natural Resources encourages businesses to help the environment by giving out grants for those who do more than their share to reduce the state's dependence on landfills. This year, the state awarded $800,000 to 32 eligible businesses.

By the end of June, 2014, all 32 businesses will receive their grant awards, ranging from as little as $10,000 to as much as over $70,000. The amount depends on the qualifying company's project, it's impact on the environment, and how much is needed in a matching grant.