Why are so many entrepreneurs seeking start-up grants and support? The latest data reveals that entrepreneurship is on the rise. Subsequently, new innovators are seeing a need for goods or services following the coronavirus crisis. Meanwhile, others are taking a step towards the business (or side hustle) that they’ve always dreamed of starting. While most go-getters are aware of the option to apply for business loans, there is an option even fewer are aware of: Grants.
Are Grants Easy to Get?
Firstly, each grant has a different application process. Some applications are simple and designed to be completed without the need for a grant writer; while grants with larger sums have a more extensive application process. So, first, become familiar with funding terms and necessary business documents. Additionally, free resources and grant application toolkits are also available online to help. Otherwise, you may want to invest in hiring a grant writer who can find and apply for grants on your behalf if you do not feel comfortable doing it yourself.
Unlike a loan, you do not have to pay back a grant. In fact, the only downside to grants is the tedious task of finding and applying for them. For this reason, databases like GrantWatch.com make it easy to narrow down grant searches based on recipient type, location, and grant interests.
21 Grants Entrepreneurs Can Apply for in 2023!
- 1. Opportunity for startup companies to participate in a business development program with cash investments, networking, and mentorships.
- 2. In-kind support valued at $500 to BIPOC jewelry design artists and entrepreneurs for business growth and development.
- 3. There is an opportunity for startup businesses founded by Black entrepreneurs to participate in an accelerator program.
- 4. In-kind support of business development is offered to startups, businesses, and individuals.
- 5. Grants of $2,500 to USA entrepreneurs to support recovery after a natural disaster.
- 6. Urban entrepreneurs can apply for a grant of $1,000 and in-kind support for business development.
- 7. Black women entrepreneurs can receive grants of up to $10,000 for equal opportunities in business.
- 8. USA-eligible military veterans have the opportunity to participate in an intensive entrepreneurship education and training program.
- 9. Illinois entrepreneurs can apply for grants of up to $2,000 for assistance in expanding or starting a new business.
- 10. If you are willing to relocate to Missouri, grants of up to $50,000 are available to startup companies.
- 11. Grants of up to $5,000 are available to Michigan entrepreneurs and small businesses for COVID relief.
Grants for entrepreneurs cont.
- 12. Minnesota technology entrepreneurs and start-ups can apply for up to $35,000 to support business development.
- 13. New York start-up companies may qualify for seed grants starting at $25,000 and receive business development services.
- 14. Ohio individuals can apply for this $5,000 grant to support for-profit gardening ventures.
- 15. Rhode Island entrepreneurs and early-stage companies can apply for cash awards for business development.
- 16. Tennessee start-ups are encouraged to apply for grants to continue company growth.
- 17. Grants up to $1,000 are available to Utah individuals to help improve themselves as entrepreneurs.
- 18. Training and grants of up to $4,500 are available to Wisconsin individuals and businesses for planning and development activities.
- 19. Inuit, Métis, and Status or Non-Status entrepreneurs, can apply for grants for expanding a small business or funding a start-up.
- 20. Grants of up to $75,000 to Northwest Territories businesses and entrepreneurs are available to encourage economic recovery.
- 21. Nunavut entrepreneurs may be eligible for grants of $5,000 and in-kind support to assist in developing businesses.
So, Are There More Grants Available?
In conclusion, new entrepreneur and startup grants are added on a regular basis, and they are usually funded by foundations. However, various local and state governments are also making contributions.
Furthermore, small business grants are also available to registered businesses that have been operating for at least one year. But, keep in mind that business grants are generally for programs, projects, activities, and services to help your business support the community.
Finding grants for general business expenses, such as office supplies or building expansion, are more difficult to come by. Nonetheless, persistence, determination, and passion have helped entrepreneurs succeed throughout history. Throughout the year, more grants become available, so make a note to bookmark any hyperlinks of interest.
Finally, we wish you all the best in your grant search journey and the future success of your business!