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GOVERNMENT GRANTS :Definition (wikipedia):American Federal grants are economic aid issued by the American government out of the general federal revenue. Government grants are an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are not federal assistance or loans to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct benefit. Grants may also be issued by private non-profit organizations such as foundations, not-for-profit corporations or charitable trusts which are all collectively referred to as charities. Outside American grants, subventions or subsidies are used to in similar fashion by government or private charities to subsidize programs and projects that fit within the funding criteria of the grant-giving entity or donor. Grants can be unrestricted, to be used by the recipient in any fashion within the perimeter of the recipient organization's activities or they may be restricted to a specific purpose by the benefactor. Federal grants are defined and governed by the Federal Grant and Cooperative Agreement Act of 1977, as incorporated in Title 31 Section 6304 of the U.S. Code. A Federal grant is a: "...legal instrument reflecting the relationship between the American Government and a State, a local government, or other entity when 1) the principal purpose of the relationship is to transfer a thing of value to the State or local government or other recipient to carry out a public purpose of support or stimulation authorized by a law of the United States instead of acquiring (by purchase, lease, or barter) property or services for the direct benefit or use of the United States Government; and 2) substantial involvement is not expected between the executive agency and the State, local government, or other recipient when carrying out the activity contemplated in the agreement." Grant Money and Venture CapitalWe've all seen the headlines: "Millions in free government money for your business." Late-night infomercials, reference guides and websites promote the availability of grant money...Other Related Articles: Grant money runs out for small business loans Nov 26, 2009The Small Business Administration (SBA) said Monday that it has run through all of the $375 million Congress allocated to temporarily waive fees and boost guarantees on small business loans backed by the SBA's grant programs ...Federal Grants From The American Government July 14, 2009If you are an american citizen, you may qualify to receive American government business grant money. In an effort to help Americans, GFC is giving away 2009-edition Grant Kits to check out for FREE ...Government grants to start your small business June 10,2009The American small business owner generally gets left out of Uncle Sam's government grants when it comes to doling out billions. But there are some exceptions ...Law agencies fine-tune government grant requests May 4th,2009Officials at 15 Pierce County law enforcement agencies are fine-tuning American grant requests for nearly $2.8 million in federal grant money ...Families Get Free Government Grants March 31, 2009Millions of dollars are earmarked for families and individuals every year, and with high rates of unemployment and other current economic conditions, many are using fund from government grants...Are Business Grants the Bailout For Small Businesses?Because of the bad economy, many don't qualify for loans and venture capital - leaving business grants as one of the only bailout solutions for small businesses....New challenges for small businessWhen BusinessWeek asked several experts to weigh in on the short- and long-term impact of this week's financial free fall on small business owners, we got an earful.....Obama's small business rescue planBarack Obama on Friday proposed emergency assistance for American small business calling for a "small business rescue plan" of tax incentives and loans... |
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