Government Grants for Small Business

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.

Small Business Resources in Your State



Community Development Financial Institutions fall into four categories:

  • Community Development Loan Funds
  • Community Development Credit Unions
  • Community Development Banks - Including Thrifts and Holding Companies
  • Community Development Venture Capital Funds

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.

Community Development Financial Institutions by State





Featured Government Grant Resources


Secondary Market Lending Authority Program

The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.







Small Business Innovation Research Phase IIB Bridge Awards

In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.





Social Entrepreneurship
Spotlight



Sriracha Businessman Dishes Out Lessons for Social Entrepreneurs


Sriracha Businessman Dishes Out Lessons for Social Entrepreneurs

David Tran, CEO of Huy Fong Foods, makers of the popular Sriracha hot sauce with the green cap, hopes to fill a hot sauce gap where social entrepreneurs can learn from.









More Federal Domestic Assistance Programs


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Edited by: Michael Saunders

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