Women Business Grants
For many years, women were encouraged to be stay-at-home mothers with those few who worked outside of the home being constantly scorned for their occupation. This outlook has changed greatly and, in fact, is encouraged by the federal government. To encourage women in entrepreneurship and business endeavors, the federal government decided to offer incentives to women that own their own business or hold a majority of shares in a corporation. The incentive is in the form of women business grants. Many women are not aware of government business grants for women or are overcome by the amount of paperwork involved in registering as a WBE (Women Business Enterprise). It is required that you be registered before you will qualify for business grants for women.
Once the registration is completed, the challenge is identifying and then submitting women business grants. Some funding sources will only give women business grants to not-for-profits or local governmental entities, who in turn utilize the funds to provide technical assistance and support to women businesses.
If you are a woman interested in starting a business, there are additional women business grant funds available for business startup. The important thing to remember is most grants are not just for women. You may receive additional consideration for being a woman business owner, but other businesses and individuals are allowed to apply. The most well-known organization out there to assist startup businesses is the Small Business Administration (SBA). The SBA is focused on providing assistance that will help you be successful in today’s economy. The SBA does not give out women business grants directly to small businesses or individuals, but they are willing to assist you with identifying government business grant for women opportunities, financing, planning, and a variety of other needed activities.
Once you determine what you need a women business grant to pay for, you can begin your search for federal, state, and private funding sources. The best website for federal women business grant opportunities is www.grants.gov. This website is utilized by all federal agencies for their grant programs. It is a time consuming process, but once you register it offers a one-stop-shop for searching and submitting women business grants.
If you are interested in business grants for women that do not have as many restrictions or requirements, the best funding source is foundations. Many States have regional or state-wide organizations that will offer a list or book that shows all the foundations in the area or that offer funding to your specific geographical area. This is a good starting place for identifying women business grant opportunities.