Minority Women Grants

Government grants for minority women are one of the best endeavors by the federal government, corporate America and religious organizations etc. to foster the economical growth of minority women.Financial assistance to the minority women, is an important element that is shaping the dynamics of economical and financial markets in the United States. Every year billions and billions of dollars are allotted as a free grant money for the various minorities in the United States of America. For example, there are grants for the African-Americans, Hispanics, Jewish Americans, Asian minorities (less prominent), disadvantaged group minority grants and native American minority grants. Apply Grants Today!!


It is sad fact that every year, many free grants schemes go unclaimed and there are hardly any women to apply for them. This owes to the fact that there is a lot of unawareness about the laws and a general misconception that the process of getting the grants is very difficult and time-consuming. However, the process is simple and even the government takes interest in granting monetary help to the privileged and deserving women. The important fact to know, is that unlike loans, grants need not be repaid to the government.

For Single Mothers

It's a startling and to some extent a sad fact, that there are nearly 13 million single parents in the United States and 84% of them are single mothers (according to a survey released in 2007). In order to help and raise the social and economic status of the single mothers, there are many grants for single mothers. There are some single mothers, who became mothers at a very young age and so they were compelled to drop the college education. It may be either due to financial problems or social repercussions.

The government understands the challenges underlying the safe, secure and healthy upbringing of the child, that is raised without a father and so it has made provisions for the allotment of grants for single women. The 'Free Application for Federal Student Aid', commonly known as the FAFSA, is chiefly responsible for grants and aids to the minority women and single mothers. The government offers grants to the women and single mothers who live in unsafe areas, to purchase and own houses in more secure and safe places. The federal and state governments offer grants for this, at subsidized rates. The government also offers money for the moms, who are willing to start their own businesses and become entrepreneurs. It is to be remembered that the government has enough grants in order to support the single mothers and their children, so that they can come out of high risk situations that may affect their life.

For Starting Business

If you are a woman and also a minority, then there are millions of dollars waiting for you, as an aid to start your own business or small enterprises. You can check out in your city and locality, about the number of women that have started their own businesses and achieved success. Once you are aware about the business competition that prevails in your city and area, you can plan out your own plan and approach the authorized government officers for the grant. There are many government grants to start a small business. For applying for small business loans and grants, you must be able to write an effective proposal letter. This can help you to convey your exact business plans and prove that you have a purpose behind it, i.e. to empower yourself and your family.

Grants for women and minorities can be availed by approaching women organizations, non-profit organizations and by searching on the net. By talking to your friends, personal lawyers and women activists in the area, you can get more information about the entire process and help your dreams come true. Grants for minority woman is a step taken by the federal government and other organizations, to realize the true essence of democracy and help to form a society that promotes equal growth opportunities for all, irrespective of the gender.

By Kundan Pandey Source - buzzle.com


Saturday 7 July 2012

Business Grant Money Information

Business Grant Money Information

A successful business often starts with a single idea. Then, with a little help from outside financial resource, this idea is later turned to reality. See the trend here? While we're not saying that money can make the world go round, it can do a lot of unusual feats, like turning your ideas into dollars, for instance. But then, there lies a problem. How many bright ideas do you think have people come up with? A thousand? And out of all that, how many of them had been turned into successful business enterprises? Ten? Twenty? Thats because the person who came up with the idea doesnt have the financial means to make his idea work. Now, what if we told you that there is a way for you to finance your dreams? No, we're not talking about loans. We're talking about business grant money. Unlike a loan, a business grant does not require you to pay back the amount. In fact, thats the reason why many people refer to it as free money because it is, technically, free, though there may be obligations and sanctions imposed. The great thing about business grants is that it is out there.

It exists, though you may have to dig deep to find one that suits you perfectly. And when it comes to federally funded grant money, you may have to dig a bit deeper than usual. You see, while many private institutions and nonprofit groups offer business grants to enterprising individuals, the real money (a hefty chunk of it, in fact) often comes from government. Congress allocates about $67 million in business grant money to be distributed to the 57 federal agencies all over the United States. For a simple street-paving project proposal, you may get awarded something around $1,000 - $25,000 in grants. The only requirement that the federal government imposes is that your business project must be beneficial to the local community or the general public. A search through the Catalog of Federal Domestic Assistance (CFDA) will lead you to two types of business grants: one for rural businesses and one for minority business enterprises. For a rural business grant, the purpose is to promote sustainable economic development in rural communities with exceptional needs.

Since the program gives a strong emphasis on helping existing businesses grow, eligible applications for the grant money for starting a business are public entities and nonprofit corporations that may in turn award money to the residents they serve. Other eligible applicants for the money for starting a business include Indian tribes on Federal or State reservations or other Federally recognized tribal groups, and cooperatives with members that are primarily rural residents and that conduct activities for the mutual benefit of the members. On the other hand, minority business grants offered at CFDA is aimed at fostering new minority business enterprises and maintaining and strengthening existing firms to increase their opportunities to participate and receive benefits of our economic system.



Source:http://www.peerfear.org/articles/14547

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