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| Re: Grants for for-profit
Posted by RicK   on 1/19/2009, 8:13 am, in reply to "Grants for for-profit"
VIP Poster | Message modified by user RicK 1/19/2009, 8:15 am
rchin,
Please read the following borrowed articles with links:
"HOW CAN I GET A GRANT TO START OR EXPAND MY BUSINESS?
Unless your business involves the development of new technology or is a non-profit organization, you will be wasting your time looking for a grant. Read what the Foundation Center has to say about this:
"Foundations typically fund nonprofit organizations that qualify for public charity status under section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. By and large, foundations do not make grants to for-profit enterprises."
Generally, the same holds true for corporations and private organizations that give grants..."
http://www.proposalwriter.com/grants.html
NO Grants for Profit Seeking Start-up Businesses
July 29, 2005 by
K. Kemper
Only for Non Profits and that is Hard to Do
Do not pay for any help to obtain a grant to start a small business.
Grants do not exist for small businesses UNLESS the small business owner wants it to be a non-profit and are willing to be audited and give that money to others. [Which goes against the purpose 99% of the time for opening a small business.]
I have read hundreds of ads from grant directory publishers and they constantly State "get free grants [redundant since a grant is a free thing in the first place].
The IRS allows, under very limited conditions, a person to set up a non-profit organization to service, most often, educational services for displaced adults and for home makers and such services.
But for those who have a good idea for a small business and seek government grants to fund their business, same your grant directory money. OFFER to pay no one to get you a grant because these grants are not for profit seeking businesses.
I only have 38 yrs advising small businesses owners and owners to be about getting their
Business started and while there are dozens of ways of getting funds, getting a grant
Is NOT among them.
When you visit your favorite library, seek ways to buy a business using leverage and also seek ways to start on a "shoe string" budget [selling receivables is the #1 way] but do not seek free money, it is a waste of your valuable time.
http://www.associatedcontent.com/article/7035/no_grants_for_profit_seeking_startup.html?singlepage=true&cat=3
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