Grants Available for Doing Business in the US

Business owners always think of ways to expand their business. They often hesitate due to a lack of funds. If you are the same, you should consider applying for grants. There are several grants available for doing business in the US that offer you free money. You can use it to start business growth plans, expand into new markets or create new products or services. Sounds good? Keep scrolling for more.

What are Small Business Grants and How Do They Work?

Small business grants are basically funds given to a small business by an organization to fulfill specific purposes. They are usually available during the startup phase, expansion phase, and for research and development. One doesn't need to repay a grant, and they won't hurt your credit score either. However, you need to ensure that you spend the money per the grant provider's plan. If you don't, you might need to pay penalties.

There are two main types of grants- government and private. The state and federal governments provide different grants based on a businesses' location or industry. Even private corporates offer grants. Here is a list of the ongoing grants in the US that you can benefit from right away.


Small Business Grants in New York

If you have a small business, you can apply for the following small business grants in New York:

·       Global NY State Trade Expansion Program (STEP), where you can get a grant of up to $6,000.

·       New York State COVID-19 Pandemic Small Business Recovery Grant Program where you can get up to $50,000.

·       Global NY Fund Grant Program where you can get a grant of up to $25,000.

Private Grant in New York

·       New York Foundation Grant where you can get up to $40,000. The deadlines are March 1 and July 1, 2022.

Small Business Grants in Florida

·       USDA Rural Business Development Grant

·       Amber Grant

·       Prospera Small Business Grants

·       Florida High Tech Corridor Grant

·       National Association for the Self-Employed Grant

·       Small Business Research Grants

·       Minority Business Development Agency

·       FedEx Small Business Grant Contest

Small Business Grants for Minorities in Florida

·       National Minority Supplier Development Council

·       Enterprise Florida Grants

·       SBA 8(a) Business Development Program

·       Operation Hope Small-Business Empowerment Program

·       The USDA Rural Business Enterprise Grant Program

·       Federal Minority Business Grants


Small Business Grants in Texas

·       Young Farmer Grant Program where you can get up to $20,000. The deadlines are Fall and Spring.

·       ​Skills for Small Business where you can get up to $1,800 for each new employee.

Private Grants in Texas

·       Fiserv + Clover Back2Business Grant Program where you can get up to $10,000. The deadline is December 31.

·       Small Business Emergency Grant Program where you can get up to $25,000.

·       Southern Smoke Emergency Relief Program where the amount of the grants varies.


Special Grants Offered Due to COVID-19

·       Small Business License Fee Exemptions

California offers two years of fee relief for restaurants and bars licensed through the state's Department of Alcoholic Beverage Control (ABC). It is also for barbering and cosmetology businesses licensed through the Department of Consumer Affairs.

·       California Rebuilding Fund

This state-sponsored program provides loans of up to $100,000 or 100 percent of a business's average monthly revenues for three months before the COVID-19 pandemic, whichever amount is lower.

·       Disaster Relief Loan Guarantee

The Disaster Relief Loan Guarantee Program allows access to capital for small businesses that do not qualify for federal disaster funds, including businesses in immigrant and low-wealth communities.

·       U.S. Small Business Administration Debt Relief Assistance

This Federal program provides debt relief to existing SBA borrowers during the COVID-19 pandemic.


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