Uncle Sam offers business owners several varied and unique opportunities in the form of direct and indirect federal business grants. Many branches of the U.S. federal government offer indirect funding for services via government contracts as well as trickle-down state-level funding, simply by seeking out and taking advantage of business federal grants.
The U.S. Department of Labor is charged with preparing the American workforce for new and better jobs and is a prime opportunity source when seeking federal business grants. The federal government also offers co-op agreements and federal business contracts as well to those who seek out business federal grants. The Department of Commerce offers federal funding opportunities in the form of state-allocated money for environmental cleanup and maintenance and more. Smart business owners will look for creative ways to take advantage of President Obama’s Recovery Act initiates as well. While not delivered directly in the form of business federal grants, but grants to qualified private individuals, a perfect example is the Recovery Green Retrofit program offered by the Department of Housing and Urban Development arm of the federal government. With an estimated total program-specific funding of 250 million dollars passed directly to the private consumer, the savvy business owner would do well to take advantage of the opportunity when looking for federal business grants.
Many federal business grants opportunities are state and local specific. The Carson City District Office Multiple Resource Monitoring and Habitat Restoration Program sponsored by the Federal Bureau of Land Management recently offered businesses the opportunity to apply for their share of the 3 million dollars allocated in the form of business federal grants.
Business owners seeking business federal grants should point their Internet web browsers to the federal government portal Grants.gov and search for agency-specific federal business grants. Some of the more consistently well-funded arms of the federal government offering business federal grants are:
- The Department of Commerce
- The Department of Housing and Urban Development
- The Department of Labor
- The Department of the Interior
- The Department of Energy
- The Department of Energy – Office of Science
- The National Science Foundation
- The National Institutes of Health
The wise business person will also explore federal business grants and other opportunities though the USAID federal business program. Designed for and by the American business owner, USAID.gov does business using a variety of available federal mechanisms. While rarely in the form of business federal grants, the Small Business Administration may be able to obtain venture capital financing for your business through the U.S. Small Business Administration and Investment Division. The SBA also provides federal loan programs, surety bonds and import / export financing. You can access the SBA federal web portal by pointing your web browser to SBA.gov.
As you can see, Uncle Sam offers business owners several varied and unique opportunities in the form of both direct and indirect federal business grants. All it takes is a little brain power with the drive to succeed – and an Internet connection to learn all about available business federal grants.