Government Grants Explained

Many articles and websites have been devoted topurchasing a new home, renovating their current
Government Grants and various federal and stateone, or investing in the real estate market in
programs where money awarded does not havegeneral. This program is very broad as the grant
to be repaid. Sounds perfect, but there is still oneaward can range from $500 to $5,000,000.
question: if the money is free how come not allHousing grants do not have to be repaid which
the money is awarded, and the government endsmakes them very popular. These grants cover
up with funds being unclaimed at the end of themost types of real estate. This is the very grant
year in some of their grant programs?category which goes unclaimed every year.
It seems there is only one answer to theAmerican citizens are simply not aware of this
question above. People do not know how to takeprogram. Anyone can quality for this type of
advantage of the grants. They do not know howprogram. If you are an investor, community
to discover and apply for them. That is the veryproject planner, or a US tax-paying citizen you
reason why this article came about.can and you should apply.
When we hear that our government is givingBusiness Grants
something away, we assume it is free. TheGrant Budget is $34 billion. The idea behind
assumption is incorrect. Our government does notbusiness grants is to promote the launch of small
have its own money, but rather it collects USbusinesses. The government believes small
dollars by taxing the society. This means thebusiness helps to create jobs and boost local
money behind government grants is ours and it iseconomies. Instead of taking out business loans,
not really free. The good news is we can try tocompanies can apply for business grants and
take it back in form of grants as we have everyreceive funding that does not require
right to apply for our own money. This is the bestreimbursement. Businesses located in areas of
shot hard working individuals have to regain taxedpoor economic standing have a high chance of
dollars.success with this grant application. When applying
At this point you are wondering how to take myfor business grants, new entrepreneurs can
money back. Well it is simple. All you need is aexpect to be required to submit a business plan
passion. In case you do not have a passion, try tothat highlights the company goals, mission,
come up with something that could interest you inservices and products, target market and more.
the near future.A very smart business plan could be your ticket
Now you are saying "Great, every marketingto successfully landing your business government
book starts with stuff related to passion andgrant.
slogans like that." Do not be so negative,Medical/Health Grants
government grant opportunities are design forGrant Budget is $260 billion. Medical grants are
specific professions. This means you must have avery popular these days. These grants exist for
specific field you like, and you will be useful to thenearly every type of medical problem. Those
government performing tasks in that particularcitizens who have problems with paying medical
profession. Below we will list and talk about all thebills can apply for medical grants. The medical
grant categories, and you will be able to see theregrant provides accessible insurance to low-income
is something for everyone.families. Both Medicaid and Medicare are part of
Before we jump into the grants, let us have fewthe governments medical grant programs, which
words explaining how grants work. Grants arehelp ensure that all American people have access
awarded based on eligibility and fund availability.to health coverage. If you are studying to
They do not have to be repaid and long as thebecome a doctor, or collecting medical research,
applicant remains eligible. Knowing this one canyou could qualify for medical research grants or
safely assume government grants mostly workscholarships. These grants do not have to be
on first come first serve bases.repaid.
State and federal government agencies giveWho is Eligible
grants to individuals, businesses, nonprofitThe following groups are eligible for government
organizations, as well as other governmentgrants: Government Organizations, Education
agencies. All these applicants will have to goOrganizations, Public Housing Organizations,
through the same application process. First youFor-Profit Organizations, Small Businesses,
must find the grants. One you find the grants youIndividuals. Green card holders are eligible for
are interested in you have to fill out and submitgovernment grants. In case you need more
your grant application. The applications andinformation on eligibility please look up Eligibility
directions can be downloaded from theTutorial.
government website which is a central forHow to Apply
government grants. Every grant program has aVisit the US Government portal for all
deadline, so must submit your paperwork on time.government grants. In order to apply for a grant,
Once you are approved for a grant program theyou and/or your organization must complete the
government will deposit money into your bankregistration process. Registration can take
account in most of the cases. Next a programbetween three-five business days or as long as
officer will be assigned to whom you will reporttwo weeks if all steps are not completed in a
and direct any questions during the program. Thistimely manner. Register for grant opportunities
is how grants work.now. Visit their portal and following the following
Now you have a great understanding how federalsteps:
grants and state grants work, let us see what is1. Download a Grant Application Package
available to us. Following are the major grant2. Complete the Grant Application Package Step
categories: Agriculture, Arts, Business and3. Submit the Completed Grant Application
Commerce, Community Development, ConsumerPackage
Protection, Disaster Prevention and Relief,4. Track the Status of a Submitted Grant
Education, Employment, Labor and Training,Application Package
Energy, Environment, Food and Nutrition, Health,Where to Apply
Housing, Humanities, Income Security, SocialBelow are full contact details for US Government
Services, Information, Statistics, Law, Justice,Grants Programs:
Legal Services, Natural Resources, Recovery Act,Phone: 1-800-518-4726
Regional Development, Science, Technology,U.S. Postal Service Mail Address:
Research and Development, and Transportation.U.S. Department of Health and Human Services
Not enough? There are Other Grants as well.200 Independence Avenue, S.W.
The list of grant categories is overwhelming, soWashington, DC 20201
let us select few major categories and describeEconomic Times and Grants
them. Some of the most common are: EducationLiving through and starting a business in a
Grants, Housing Grants, Business Grants, andrecession has its pluses. More government aid is
Medical Grantsadded for students and new business as money is
Education Grantsinvested into the future. This means right now its
Grant Budget is $100 billion. Education grants area perfect time to start a new business or go to
one of the favorites when it comes to Financialcollege. Average grant award per student was
Aid. In most of the time these awards do not$2,278 in 2009 with a max award being $5,350.
have to be repaid. They should be your first$5,350 per year is a great sum of money for
method of financing your education. These grantscollege. Most of college grants do not have to be
are provided by the governments to help therepaid therefore making this the perfect grant to
youth with tuition payments and other expenses.apply for if you are planning to go to college.
Some of the famous college grants include:To Sum it All Up
National SMART Grant, TEACH Grant, AcademicGovernment grants exist that could help you
Competitiveness Grant, and Pell Grants. Educationsponsor your venture. The success of this
grants exist for both undergraduate and graduateventure is within your own hands. Find something
students.that interests you and apply for free government
Housing Grantsgrants as you have nothing to lose. Remember,
Grant Budget is $42 billion. These grants arethose who are not afraid will be the builders of
targeted at new or current homeowners who aretomorrow.