Formula Grants

Formula Grants
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Grant - Federal and State Government: Formula Grants

Grants given to eligible agencies through an allocation governed by the authorizing legislation. These grants are sent directly to the states, who disburse the funds according to the formula. Also known as Block Grants or Categorical Grants.

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Small Business Grant Consulting

Definition: Formula Grants - Small Business Grants (Women and Minority grant programs)

Grants are monies / financial assistance which are not a loan, and do not need to be paid back.

When should I apply for a grant? You should apply for State & Federal grant applications as soon as possible. Grant proposals typically have a deadline for applying.

When completing a grant proposal, follow the application instructions exactly. Each proposal has specific requirements / conditions. You will notice that many applications request that you include a business plan that shows how you will use the funds from the grant.
Your grant proposal will be different for a small business vs. personal use. For a small business grant request you will need to show how you will use the startup funds to recruit and hire new employees.

Grants for Small Businesses are offered by almost every State government and federal agency to help promote job growth and economic improvements in the community.

Federal Government Grant proposals (including minority & women-owned businesses)

Small Business Grants, Federal & State Government. Define: Formula Grants - 2004 HJ Ventures International, Inc.