The recent crash of the economy showed that the United States economy isn’t as invincible as people thought it would be. Despite this setback, the federal government passed a stimulus bill that would provide economic aid to ailing industries, theoretically preventing further collapse of the economy, and averting an unwelcome downhill spiral to another Great Depression. The government follows the philosophy that one has to spend money to make money.
If you are in charge of a project, probably for a business, that needs building and equipment, but are unable to come up with enough money to provide the funding for the needed infrastructure, you may want to consider the government as a source of the badly needed money. Here’s how you can try to get government grants for building and equipment.
- Governments do not part easily with their cash. It will fall upon you to be able to properly defend why the government should support your need for creating infrastructure and purchasing equipment. Before you start your application, try to consider possible reasons why you deserve to receive the grant? Is there some compelling reason that the government should support you? Try to find a solid justification otherwise the government can just opt to ignore your request and leave you hanging.
- Try to identify what industry or department is most pertinent to your business. For example, if you belong to the agriculture industry, you may want to look up what the United States Department of Agriculture, through the Farm Security Agency, has to offer in terms of grants and loans. It is unlikely that the government has allotted funds for the vague notion of just “buildings and equipment”. The government disburses funds by department – you will have to know under which department your business falls under. After you identify what industry you belong to, try and narrow down your search to the different line items for grants the department offers.
- The easiest way to search for possible opportunities that you can tap for grant offers is by opening access to the free government website for grants. Simply open your browser window to grants.gov, and use the search function to find which grants are most useful for you. You may have to winnow through a lot of different grant offers, but you will be able to identify several that may be appealing to your business.
- Try to join local chapters or unions of your industry. This will allow you to come into contact with different people who may have prior experience dealing with the government. If you are lucky, you may even meet someone who has successfully approached the government and gotten a grant for building and equipment approved. Engage as many people as you can in discussion on the best way to go around applying for financial aid. They may even be able to refer you to people of influence.
When applying for grants, it is best to send applications to as many
different grants as possible. You cannot put all your eggs in one
basket, because they can easily be ignored. It may take some time and
perseverance, but with patience and a little luck, all your efforts will
soon pay off.