http://www.arobiarts.com/funding-for-the-arts-statistics/
Government Grants
The United States government provides economic aid in the form of Government Grants from the general federal revenue to various recipients, to carry out public support or stimulation, as authorized by a law of the United States.
There are 26 grant making agencies which provide funds to around 900 grant programs and these programs fall into 21 categories:
- Agriculture Grants
- Arts Grants
- Business and Commerce Grants
- Community Development Grants
- Consumer Protection Grants
- Disaster Prevention and Relief Grants
- Education Regional Development Grants
- Employment, Labor, and Training Grants
- Energy Grants
- Environmental Quality Grants
- Food and Nutrition Grants
- Health Grants
- Housing Grants
- Humanities Grants
- Information and Statistics Grants
- Law, Justice, and Legal Services Grants
- Natural Resources Grants
- Science and Technology Grants
- Social Services and Income Security Grants
- Transportation Grants
Types of Funding
1. Grants- A grant is money that’s given for a specific purpose that you may not have to pay back. If you qualify and follow the terms and conditions of why the money’s being given, it’s basically money you don’t have to pay back, it’s free money.
2. Loans- Some Direct Loans from the Government are as low as ZERO PERCENT, while others may only be as high as 3%. These loans must be paid back; however with these low rates, they are still a very good deal. Loans with low interest rates are normally made to entrepreneurs, homeowners and developers. In addition if you have been turned down by a bank, you may be able to borrow up to $150,000 with a special Small Business Administration (SBA) program that guarantees the loan.
3. Subsidies- Many states will help pay part of the interest on a loan you obtain from a local lender. You may also be able to obtain tax incentives such as tax rebates and tax credits with some Government programs to help subsidize your expenses.
Grant Sources
There are 3 major sources of government grants funding, Federal, State and Local which include counties, cities, towns and villages. The mistake many people make is that they might only try calling a government agency such as HUD, but HUD doesn’t disperse the money in many of their programs. It goes instead to the local areas and it’s the local governments that disperse the money. For example HUD has CDBG (Community Development Block Grants) money with over $4.7 billion available in 2007, so you would have had to contact the local government to find out what CDBG funding was available in your area and what the qualifications were.
Another little known fact is that 23% of the budget for the Federal and State government has to be made available to small business to compete with. The SBA (Small Business Administration) targets their funding to businesses with $5 million or less in revenues and 500 or less employees.
In addition, these sources have a lot of programs which target funding for minorities, disabled people, veterans and WOMEN.
Apply Now
To find the government grants for which you are eligible it is necessary to locate all of the agencies providing grants and see if you meet their requirements. These agencies can be found by sifting through the Government Grants site and the internet.
This task requires persistence, patience and dedication, and it is very time consuming. Then, when the appropriate grants are identified, it is necessary to apply for them. This task is an exacting one where certain information is required in a specific format. There are specialist professionals who can write the applications for you if you feel that you are not up to the task, or if you don’t have the time.
Don’t lose heart!
There is software which will automate the whole process for you. It will quickly locate the grants for which you are eligible, provide templates and tips for writing the applications, and tell you where to send the applications. All this for much less than having a professional write the application for you and in a fraction of the time.
The hard work is done for you, so what are you waiting for ?
About the Author
Don’t spend weeks trying to find grants using the government site and grants authorities sites.
Discover how to find and apply for your grants quickly and easily at Government Grants.
Tu Tienes Sida – www.beyondtheodds.org
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