Anyone
thinking about going into business for themselves, or
wanting
to expand an existing business should rush for the world's
largest
"one-step-money-stop" where FREE MONEY to start or expand
a
business is being held for you by the Federal Government.
It
sounds absolutely incredible that people living right here in
the
United States of America wouldn't know that each year the
world's
largest source of free business help delivers:
*
over $30 billion dollars in free grants and low interest loans;
*
over one-half trillion dollars in procurement contracts;
and
*
over $32 billion dollars in FREE consulting and research grants.
With
an economy that remains unpredictable, and a need for even
greater
economic development on all fronts, the federal government
is
more willing than ever before to give you the money you need to
own
your own business and become your own boss!
In
spite of the perception that people should not look to the
government
for help, the great government give-away programs have
remained
so incredibility huge if each of the approximately 8
million
businesses applied for an equal share, they would each
receive
over $70,000.
Most
people never apply for a FREE GRANT because they somehow feel
it
isn't for them, there's too much red-tape, or simply don't know
who
to contact. The fact is however, that people from all walks of
life
do receive FREE GRANT MONEY and other benefits from the
government,
and you should also.
HOW
TO FIND FUNDING SOURCES WORTH BILLIONS
As
with all grant seeking, the key to obtaining grants is
preparation
and knowledge about funding sources. Preparation means
identifying
programs that are available, and determining if you
fall
within their restrictions.
the
following sources will be invaluable to you in locating
thousands
of sources of FREE MONEY~
FEDERAL
REGISTER:
This
daily publication contains changes, proposed changes, and
notices
about rules and regulations affecting all government
agencies
and their programs. Federal agencies must publish the
program
description, eligibility requirements, and program
guidelines
in the Federal Register. For current subscription costs
write
to: Superintendent of Documents, U.S. Government Printing
Office,
Washington, Dc 20402.
CATALOG
OF FEDERAL DOMESTIC ASSISTANCE:
This
publication lists a complete description of every program in
the
federal government that makes funds available to private
business.
Write to the U.S. Government Printing Office, Washington,
DC
20402.
COMMERCE
BUSINESS DAILY:
This
publication contains a daily listing of U.S. Government
procurement
invitations, contract awards, subcontracting leads,
sales
of surplus property, and foreign business opportunities. For
current
annual subscriptions costs write to the Superintendent of
Documents,
U.S. Government Printing Office, Washington, Dc 20402.
THE
FOUNDATION CENTER:
888
Seventh Avenue, New York, NY 10019, will provide you with a
listing
of philanthropic foundations.
FREE
FEDERAL MONEY GIVEN AWAY TO ASSIST BUSINESSES
GRANT
MONEY FOR BUSINESSES IN POOR ECONOMIC AREAS:
Contact
the Economic Adjustment Division, Director, Economic
development
Administration, Herbert Hoover Bldg.,Rm. H7217,
Washington,
DC 20230.
GRANT
MONEY FOR MINORITY BUSINESS DEVELOPMENT:
Grants
are awarded up to $2 million dollars to stimulate business
growth.
Contact the Minority Business development Agency,
department
of Commerce, Washington, DC 20230.
FREE
MONEY TO PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED
BUSINESS:
Management
and technical assistance is provided free to
disadvantaged
business. Contact the Associate Administrator for
Small
Business, 1441, L Street, NW, Rm. 602, Washington, DC 20416.
GRANT
MONEY FOR INVESTORS IN RENTAL APARTMENT BUILDINGS WHO ARE
FINANCIAL
TROUBLE:
Contact
the Chief, Program Support Branch, Management Operations
Division,
Office of Multi-Family Housing Management, department of
Housing
and Development, Washington, DC 20420.
GRANT
MONEY FOR WOMEN'S ENTERPRISES:
Up
to $200,000 dollar grants are awarded to women in business
annually.
Contact the Grants Management Office, Small Business
Administration,
1441 L Street, NW, Washington, DC 20416
REAL
ESTATE INVESTORS WHO RENT TO ELDERLY OR HANDICAPPED PEOPLE:
Contact
the Director, Office of Multi-Family Housing Management,
Dept.
of Housing and Urban Development, Washington, DC 20410.
GRANT
MONEY FOR INDIAN-OWNED BUSINESSES:
Contact
the Office of Indian Services Director, Bureau of Indian
Affairs,
18th & C Streets, NW, Rm. 4600, Washington, DC 20240.
FREE
STATE GRANT MONEY
There
simply isn't enough room in this report to begin listing all
the
FREE MONEY programs that are available from the federal and
state
governments. We can tell you however, the general types of
programs
that are available and where to begin.
As
you contact different agencies for grant money, learn not to
accept
"no" as a final answer. There are so many new programs being
offered
each year that often an agency's own employees won't be
aware
they are offering the one you ask about. If being persistence
doesn't
help, get in touch with your Congressman and let them track
down
a program that meets your needs.
TYPES
OF PROGRAMS THROUGH STATE & FEDERAL AGENCIES
FREE
MONEY
Usually
through direct grants that do not have to be paid back.
BUSINESS
CONSULTING
Free
management advice is offered on almost every business subject
by
the Department of Economic Development to minimize new business
start-up
management costs.
BUSINESS
SITE SELECTION
State
hired specialists are available to assist new entrepreneurs
select
the best possible location for their new business.
MANAGEMENT
TRAINING:
Most
states will assign specialists to work with a new business
with
one-on-one management training.
EMPLOYEE
TRAINING ASSISTANCE
This
program provides FREE MONEY to train
employees. FREE MONEY is
also
available to send employees to school.
RESEARCH
& DEVELOPMENT GRANTS:
FREE
MONEY is available to attract high-tech related companies.
PROGRAM
CONSULTANTS:
States
have highly trained management consultants who will locate
Federal
Grant Programs to help you through the application process.
FORMS
& DOCUMENTS:
State
professionals will help a new business owner apply for
permits,
licenses, or any other legal document a business may
require.
VENTURE
CAPITAL FINANCING:
This
method can provide FREE MONEY in the sense you wouldn't have
to
pay it back. You would, however, probably have to give up part
of
the ownership of your business in order to receive financing.
Most
states have their own venture capital finance firms that
invest
in high risk businesses.
MINORITIES
& WOMEN:
FREE
MONEY grants are available in most states for women or
minorities
who want to start a business.
LOW
INTEREST LOANS:
A
state may raise money through industrial revenue bonds to buy
your
fixed-assets equipment. The public, which invest in these
bonds,
do not pay taxes on the earned interest. When a low interest
loan
is granted, the state does not guarantee that investors will
get
their money back if the business fails. If a state issues a
general
obligation bond, a public investment is then guaranteed.
the
states will also make direct loans at low interest, or even
co-sign
a commercial bank loan. If a state co-signs a loan for you,
it
may subsidize your interest and reduce an already low-interest
rate
lower yet.
SMALL
BUSINESS DEVELOPMENT CENTERS
Every
state has Small Business development Centers who can match
you
with the right FREE MONEY grant program. All development
centers
offer free counseling to anyone wishing to start or expand
a
business. their services are varied but include; FREE seminars,
workshops,
business planning, feasibility studies, marketing
research,
management analysis, sales technique, financing,
exporting,
inventory control, accounting, record keeping, and grant
application.
Whatever your questions about FREE MONEY grants or
starting
a business, refer to your telephone directory under State
Offices
and contact your Small Business development Center.
GETTING
FREE MONEY FROM VENTURE CAPITAL SOURCES
A
venture capital company is another source for FREE MONEY in
financing
your business plans. But since they are willing to assume
some
risk by investing in your business, they also expect some
equity
in the business itself.
Venture
capital companies invest in projects they feel will be
successful
and bring a return on their investment. If you are
interested
in asking a venture capital company to invest in your
business
refer to your telephone directory under Venture Capital
Companies
or Investment Companies, and contact those who are in the
same
area you want to start your project in.
SMALL
BUSINESS INVESTMENT COMPANIES
Small
business investment companies can provide your business with
the
capital it needs by; 1) giving you a free loan; 2) making a
stock
investment in your business; or 3) offering a combination of
the
two.
Small
business investment companies are in the business of making
money
just like any other business. The biggest difference between
them
and another investor is:
1)
They are privately managed firms who are licensed and partially
financed
by the federal government's Small Business Administration.
2)
All of its transactions are regulated by the government.
3)
Their success depends on the growth and profits of companies
they
own stock in. They often give money in exchange for stocks.
4)
Their loans usually carry lower interest rates than commercial
banks.
5)
Straight loans repayments are carried over a longer period of
time.
6)
Most businesses are eligible, especially if they are 50%
minority
owned.
For
a complete listing of the thousands of Small Business
Investment
Companies, visit your local library and ask for the SBIC
Catalog.
Study the catalog and note the companies that specialize
in
your area of interest. Then write them and request more
information
on what they have to offer.
WRITING
A SUCCESSFUL GRANT APPLICATION
To
write a successful grant application for FREE MONEY it should be
well
planned. You should be familiar with exactly how a particular
agency
prefers to have their grant proposals completed. If you have
no
experience in writing grant proposals, this is another area
where
your Small Business development centers can help.
WORK
CLOSELY WITH THE FREE MONEY GRANTOR AGENCY
Once
you decide which government agency you want FREE MONEY from,
contact
them and ask for a grant application. Get to know some of
the
grantor agency personal. Experts love to talk about their
programs,
so ask for advice, suggestions, and criticisms about your
proposed
project.
In
most cases, the more the agency knows about your grant proposal,
the
better your chances will be of getting support from the
personnel
who ultimately approve your FREE MONEY request.
Often
it is to the grantor's advantage to send their grant proposal
summary
to an agency official they have
developed a contact
relationship
with, and ask them to review and return it to you with
their
comments. Be certain this approach is acceptable with your
agency.
You wouldn't first want a first draft mistakenly processed
before
it was finished.
Making
a personal visit to the agency's office in your area is also
important.
Face to face contact will help you understand
eligibility
requirements, deadlines, maximum FREE MONEY amounts you
can
apply for, and other details you want to know about. You can
also
utilize an agency's library and determine through books,
brochures,
and conversation if there are other agencies you could
apply
for FREE MONEY. there is nothing that says that you can't
apply
for, two three, or more FREE MONEY grants at one time!
ESTABLISH
YOUR OWN PROFESSIONAL NETWORK
Do
some networking and maintain continuous contact with people who
can
gather information for you about FREE MONEY GRANTS. Nothing can
be
substituted for personal contact with the decision makers who
are
in charge of grant programs. Learn to use your personal
influence
(and theirs) to achieve your goals.
The
US. Government Printing Office maintains a wealth of
information
that people never take advantage of! Write to them and
ask
for a copy of the "U.S. Government Directory" and ask for a
list
of books, brochures, and documents that covers your field of
interest.
Tell them you are especially interested in obtaining
information
about FREE FEDERAL MONEY that's available to private
citizens.
Remember,
"FREE FEDERAL MONEY" doesn't mean you have to travel to
Washington,
DC. It just means finding out where the agencies are
within
your own state and local government. The contacts you want
to
make may be only minutes away.
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