While the federal government does not provide grants for starting or growing small businesses, it does provide a myriad of services to assist entrepreneurs in pursuit of their dreams. One of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury. In the current fiscal year the federal government is allocating more than $12 Million to support CDFIs.
Community Development Financial Institutions fall into four categories:
The genesis of the Community Development Financial Institution Fund was the Riegle Community Development and Regulatory Improvement Act of 1994. The reason for the fund's existence is to foster economic revitalization and community development.
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right....
The Baltic states (Estonia, Latvia and Lithuania) have seen a positive economic growth in the last four years. Social enterprise startups are rising, thriving and increasing. Social entrepreneurs like Sabine Sile of Latvia’s first charity shop Otra Elpa, Riinu Lepa of Tagurpidi Lavka and Estonian Social Enterprise Network, Zane Bojare of Lude, and Paavo Ala of Meditech Estonia have invested their time, money and resources to create social impact in their localities.