Taking a leaf from the Keynesian economics, which calls for more government and open public spending to stabilize the economy, the Obama government arrived on the scene with a stimulus package. The US congress signed a 787 billion dollar relief package to provide a new impetus to the economy. The American Recuperation and Reinvestment Act of 2009 (ARRA) earmarked 275 million dollars for grants, loans and contracts. These funds came into existence known as Obama business grants and are planned to become spent over a span of ten years. A major chunk from the 275 billion dollars is scheduled to be spent within the first 3 years.
Federal business grants are mostly directed at state governments, non-profit organizations (NPOs) and businesses working towards the advantage of the community. It is a common misconception that the government grants are for those who are looking to start new profit making ventures. These government grants can help create new employment opportunities and work towards community improvement projects. The funds made available through these will play a role in the national debt relief program.
Government Grants with regard to Businesses
The Catalog of Federal Domestic Assistant (CFDA) website has information about the government grants and the application procedure. You may also track the status of your grant application online about the government grants website. The US Small Business Administration (SBA) gives you government contracts to help small businesses across America. The federal government has also established the Office of Departmental Grants Administration and Oversight (ODGMO) which streamlines the grant processes.
Non-profit organizations working towards community development projects can make an application for government grants. Some of the projects that get grants or loans are child day care centers which allow working ladies to leave their children in expert care. President Obama is seeking 50 million dollars from the united states congress as seed capital for non-profit organizations to expand a few of the rewarding social innovation projects.
Recognizing the need to enable women entrepreneurs, Obama business grants for women are helping women owned smaller businesses get government contracts. The SBA website has details about government contracts for ladies Owned Small Businesses (WOSBs) and Economically Disadvantaged Women Owned Smaller businesses (EDWOSBs). Obama grants for small business have helped numerous entrepreneurs across America.
Under the Obama business grants plan, the government has set aside 2 billion dollars in order to stabilize neighborhoods. The US Housing and Urban Development (HUD) will run the area stabilization program (NSP). The NSP will give grants in order to property developers committed towards rebuilding communities, by acquiring land and property to become redeveloped. The HUD also gives home improvement grants to people from low income groups to enhance their living conditions.
One of the areas that the federal government is concentrating on are organizations working towards energy effectiveness solutions. The administration has set aside 2. 4 billion dollars included in the small business financing for manufacturers of electric vehicles, batteries and components in the usa. Large vehicle manufacturers like Ford, GM, etc., will additionally receive government grants to manufacture electric vehicles. This way the government also hopes to generate thousands of new jobs included in the Obama debt relief grants.
The government is spending large sums of money to assist develop the rural community by giving grants for tasks like broadband connectivity. The project will help local farmers attract start up business and compete in the global market place. The government has put aside 61 million dollars in grant money for projects such as rural microentrepreneur assistance program, value added producer grants, grants or loans for minority producers.
Obama business grants will also benefit infrastructure contractors underneath the ARRA nearly 30 billion dollars to improve infrastructure within the communities. These grants have helped create jobs and improve customer spending which is expected to play a part in the financial revival.
Federal business grants are mostly directed at state governments, non-profit organizations (NPOs) and businesses working towards the advantage of the community. It is a common misconception that the government grants are for those who are looking to start new profit making ventures. These government grants can help create new employment opportunities and work towards community improvement projects. The funds made available through these will play a role in the national debt relief program.
Government Grants with regard to Businesses
The Catalog of Federal Domestic Assistant (CFDA) website has information about the government grants and the application procedure. You may also track the status of your grant application online about the government grants website. The US Small Business Administration (SBA) gives you government contracts to help small businesses across America. The federal government has also established the Office of Departmental Grants Administration and Oversight (ODGMO) which streamlines the grant processes.
Non-profit organizations working towards community development projects can make an application for government grants. Some of the projects that get grants or loans are child day care centers which allow working ladies to leave their children in expert care. President Obama is seeking 50 million dollars from the united states congress as seed capital for non-profit organizations to expand a few of the rewarding social innovation projects.
Recognizing the need to enable women entrepreneurs, Obama business grants for women are helping women owned smaller businesses get government contracts. The SBA website has details about government contracts for ladies Owned Small Businesses (WOSBs) and Economically Disadvantaged Women Owned Smaller businesses (EDWOSBs). Obama grants for small business have helped numerous entrepreneurs across America.
Under the Obama business grants plan, the government has set aside 2 billion dollars in order to stabilize neighborhoods. The US Housing and Urban Development (HUD) will run the area stabilization program (NSP). The NSP will give grants in order to property developers committed towards rebuilding communities, by acquiring land and property to become redeveloped. The HUD also gives home improvement grants to people from low income groups to enhance their living conditions.
One of the areas that the federal government is concentrating on are organizations working towards energy effectiveness solutions. The administration has set aside 2. 4 billion dollars included in the small business financing for manufacturers of electric vehicles, batteries and components in the usa. Large vehicle manufacturers like Ford, GM, etc., will additionally receive government grants to manufacture electric vehicles. This way the government also hopes to generate thousands of new jobs included in the Obama debt relief grants.
The government is spending large sums of money to assist develop the rural community by giving grants for tasks like broadband connectivity. The project will help local farmers attract start up business and compete in the global market place. The government has put aside 61 million dollars in grant money for projects such as rural microentrepreneur assistance program, value added producer grants, grants or loans for minority producers.
Obama business grants will also benefit infrastructure contractors underneath the ARRA nearly 30 billion dollars to improve infrastructure within the communities. These grants have helped create jobs and improve customer spending which is expected to play a part in the financial revival.