TRUTH 26 Grants: It takes the right fit

A potential source of small business funding is grants. A grant is a gift of money that does not have to be repaid. While there is no nationwide network for awarding grants to start-up firms, almost every state, city, and local community is trying to find ways to encourage people to start businesses as a way of growing their economies. As a result, there are a growing number of programs available through both the public and the private sectors to provide grant money to promising business start-ups.

Obtaining a grant takes a little detective work. Granting agencies are by nature low-key, so they normally need to be sought out. The best place to inquire about the availability of grants for a particular ...

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