Here are some of the Top govt grants for small businesses in 2023
1) Small Business Innovation Research (SBIR)
Small Business Innovation Research (SBIR) grantSmall enterprises that are creating novel technology can apply for funding through the highly competitive SBIR program. The program is administered by 11 federal agencies, and the total funding available in 2023 is $3.2 billion.
2) Small Business Technology Transfer (STTR)
Small Business Technology Transfer (STTR) grantThe STTR program is similar to the SBIR program, but it is specifically designed to promote collaboration between small businesses and research institutions.Â
3) Women’s Business Centers (WBC)
Women’s Business Centers (WBC) grant
The WBC program provides free and low-cost counseling, training, and networking opportunities to women entrepreneurs. The Small Business Administration (SBA) oversees the program, and there are more than 100 WBCs spread out around the nation.
4) Minority Small Business and Capital Ownership Development Initiative (MSBOCDI)
Minority Small Business and Capital Ownership Development Initiative (MSBOCDI) grant
Minority-owned small companies can receive financial and technical support through the MSBOCDI program. The SBA is in charge of running the program, and $35 million will be available in total funding in 2023.
5) SBA Community Advantage (CA) Loan Program
SBA Community Advantage (CA) Loan Program grantSmall companies in underserved and low-income regions can apply for financing under the CA Loan Program. The program is administered by the SBA, and the maximum loan amount is $5 million.
6) USDA Rural Business Development Grants
USDA Rural Business Development Grants
The USDA Rural Business Development Grants program provides grants to rural businesses to help them create jobs and expand their operations. The United States Department of Agriculture (USDA) is in charge of running the program, and $150 million will be available in total financing in 2023.
7) EPA Environmental Justice Small Grants Program
EPA Environmental Justice Small Grants Program
Grants are given to community-based organizations by the EPA Environmental Justice Small Grants Program to assist them in addressing environmental issues in low-income and minority communities. The program is administered by the United States Environmental Protection Agency (EPA), and the total funding available in 2023 is $5 million.
You can visit the Grants.gov website to find out more about additional grants that might be available to your company.
Advice for submitting a small business government grant application:
- Start early: It’s crucial to get started as soon as possible because the grant application process can take a while.
- Read the grant guidelines carefully: Make sure that you understand the eligibility requirements and the application process.
- Get help from others: You can apply for small business government grants with the aid of a variety of resources. The SBA, SCORE mentors, and other small company owners can assist you.
Applying for a small business government grant can be a lot of work, but it can be worth it. Government grants can provide you with the funding you need to start or grow your business.
