2010 Business Grants May Help Struggling Companies Rebound From Recession

WASHINGTON, Sept. 24 /PRNewswire/ -- The year 2010 is fast approaching, and experts are already saying that it will be yet another tough year for small businesses. The recession may have bottomed out, but it can easily be another two years or more before the U.S. economy recovers from one of the worst economic storms of all time. Many entrepreneurs, however, can look to business grants to save the day.

A business grant is a financial award that is given to an entrepreneur to start a new business or expand an existing one. While the federal government doesn't give such grants away, many local governments do -- such as cities, counties, and even states. The federal government, will however, give money to local foundations -- who, in turn, can give money or resources to businesses. In addition, many major corporations such as Miller Coors, Delta Airlines, and others have foundations that give away money to help businesses and communities.

Experts say that 2010 will be a great year for businesses who are looking to become eligible for such financial awards. Because the economic recession is on the rebound, many local government agencies are more confident that giving away such funds will actually help a business. In addition, many major corporations will be in a better financial situation themselves to give away more money through their foundations.

The National Institute of Small Business Grants (NISBG), an authority on publishing relevant articles, columns, and listings has the following advice on their web site: "Those interested in applying for grant opportunities should place inquiries to their local councilman's office, mayor's office, and governor's office. They should also inquire about local grant directories at their public library, and should search the Internet with caution."

Other sources also caution business owners to be on the lookout for scams and ripoffs, but not to assume that all opportunities are fraudulent.

A good idea is to pursue opportunities listed on the following reputable web sites:

http://www.Grants.gov - U.S. Department of Health and Human Services

http://www.Business.gov - The Official Business Link To The U.S. Government

http://www.BusinessGrants.org - The National Institute of Small Business Grants

SOURCE The National Institute of Small Business Grants