Flag of KentuckySmall businesses are vital to the economy of the United States. They account for over 50% of GDP (gross domestic product) and create many new jobs for growing population. If you happen to be part of this and, as an entrepreneur, you want to expand your business, but do not have the finances to do so, you can apply for a state program and get small business grants in Kentucky.

Maybe you have a fantastic business idea that has great potential, maybe you are ready to get into the next level and so on. But you do not have the money to make your dream come true. Well, now you can get the money if you really want.

How do these programs work?

These are subsidies provided by the home state when you need money to start a business or to improve it. In fact, almost all states have such grant programs. Some other programs may include loans or incentives and financial assistance. Some even offer technical training to those who want to start their own small business enterprise. All it takes to get small business grants is a few steps and a little effort.

Business grants for all industries

At first, a small amount ranging from $ 30 000 to $ 100,000 is given to small businesses in order to do research to validate the technique, commercial and scientific value of their concepts. If their ideas are approved, they get subsidies to develop the business. The best grants are given in the areas of information technology and chemical and biological defense. If you plan to start a small business in agricultural, food, fisheries and forest industries, you have a wide range of grants for business available.

There are many types of subsidies offered by governments and other financial institutions that include individual small business grants for personal needs, scholarships to support education and many others. Grants are always a feasible option to support existing businesses or new financing activities in all areas.

Assistance of KEDFA

If you plan to run your business in Kentucky, but have no clue how to do this, do not worry. Your first step is to contact Kentucky Economic Development Finance Authority (KEDFA). The organization offers several subsidies for small business. Kentucky small business grants obtained through KEDFA provide flexible terms to borrowers contrary to financial institutions. Some of these programs are available at thinkkentucky.com.

Small Business Grants in Kentucky:


Comprehensive Housing Counseling Program

dep_of_housingDate for applicants: Jan 23, 2013 – Mar 18, 2013
Estimated Total Program Funding: $19,500,000
Category of Funding Activity: Community Development, Housing
Agency Name: Department of Housing and Urban Development
Contact Details: hud.gov

 


State Wildlife Grants Competitive Grant Program

Department of interior logoDate for applicants: Nov 27, 2012 – Mar 27, 2013
Estimated Total Program Funding: $5,000,000
Award Ceiling: $500,000
Expected Number of Awards: 15
Category of Funding Activity: Environment, Natural Resources
Agency Name: Fish and Wildlife Service
Contact Person: PAUL VAN RYZIN 703-358-1849


FY 2011 Supplemental Appropriations Disaster Relief Opportunity

Department of CommerceDate for applicants: Feb 09, 2011 – Feb 09, 2014
Estimated Total Program Funding: $49,000,000
Category of Funding Activity: Disaster Prevention and Relief
Agency Name: Economic Development Administration
Contact Person: Lindsey Pangretic eda.doc.gov

 


Office of Elementary & Secondary Education; Overview Information: Teacher Incentive Fund Program

Department of EducationDate for applicants: Mar 09, 2009 – to be determined
Estimated Total Program Funding: $200,000,000
Expected Number of Awards: 15
Category of Funding Activity: Education, Recovery Act
Agency Name: Department of Education
Contact Person: Julius Cotton 202 205-5224


The immense benefits

You can receive small business grants to start any type of business. Carpet cleaning, photocopying, private tutoring companies: you just describe your plan and agencies have scholarships for you. All U.S. citizens and residents can apply for small business grants. Apart from this these grant programs do not require credit checks, collateral, guarantors or co-signers.

Keep in mind that the federal government always assists individuals wanting to start a small business. That’s why the SBA (Small Business Administration) was created. With this, the U.S. gives entrepreneurs guidance, support and technical assistance. The SBA was started in 1953 and has been responsible for helping so many thousands of Americans to get grants for business and turn their dreams into reality.

Additional info and places for your small business

Small Business Development Center
2900 W Broadway, Louisville, KY
(502) 574-1378 ‎ · ksbdc.org

Small Business Development Center
1105 Julianna Ct, Elizabethtown, KY
(270) 765-6737 ‎ · ksbdc.org

US Small Business Administration
2292 U.S. 27, Somerset, KY
(606) 677-6080 ‎ · sba.gov

Kentucky Small Business Development Center
200 E 3rd St, Owensboro, KY
(270) 926-8085 ‎ · murraystate.edu

 

US Small Business Administration
501 Broadway St, Paducah, KY
(270) 442-5685 ‎ · sba.gov

EKU Small Business Development Center
Hall Dr, Richmond, KY
(859) 622-1384 ‎ · ekubiz.com

WKU Small Business Development Center
2413 Nashville Rd, Bowling Green, KY
(270) 745-1905 ‎ · wkusbdc.com