An Introduction To Local Grants

In this article we are going to go over what Localyou might be able to apply for an economic
Grants are and how they can help your business.development grant that can be used by the nonprofit
You can also find grant money available for smallfor expenses related to planning for lessening
businesses to access and use at a more local level.unemployment and improving incomes in an
You will want to see if your city or nearby cities has oreconomically distressed area, which can make your
have an Economic Development Council. Thesebusiness plan stronger and increase the chances of
councils offer a wealth of help for new localyour business on paper becoming a reality.
businesses. They all vary a bit, but likely here is whereOther places to look for local grants are at your town
you can find out what the business climate and theor city's Chamber of Commerce. Sometimes they
demographics are for the town in which you will wantmight not offer a grant to a business, but they do offer
to do business, which will assist you in writing yourgrants to non-profit organizations, so your business
business plan.could work with a local non-profit to develop a
One example of this is the Thurston County Economicprogram that would meet the grant's qualifications.
Development Center. They offer grants through theThrough a Chamber of Commerce you might also find
Washington Technology Center's Research andthat a particular city offers a grant to qualified
Technology Development Grant Program, for appliedbusinesses equal to a percentage of their investment
research projects to make their way out of the labin the first year of the business's existence if the
and into the marketplace. Another type of financialcompany is located in a particular area of the city.
assistance they make available is the CommunityIf you belong to a business organization or association
Development Block Grant Float Loan Program, whereyou might find local grants available through these
the city applies for a grant and with that moneyresources, as well as small private foundations and
makes available short term loans to private businessesfamily foundations that are located in your area and
that will create jobs for lower-income individualswhich might fund local projects. There are many
You can also sometimes find business grant moneybusiness organizations and associations available,
from your local government. In the Seattle area,ranging from the Arizona Bio-industry Association to
among others, if you are planning a larger newthe American Philosophical Association and the
business that will employ 150 people and will requireComputing Technology Industry Association, to name a
building, you can receive King County Green Buildingsmall number of business associations out there.
Grants if your project will be LEED, or Leadership inThese types of organizations often offer help and
Energy and Environmental Design, certified, which issupport to a new business through education, perhaps
building for conserving resources.a mentorship program, and sometimes grants.
Your local Economic Development Administration mightYou now know what a Local Grant is and can start
also provide you with resources to start a business. Iflooking for one that matches your business plans.
you are a non-profit organization or an affiliate of one,