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


Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program

The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.







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.




Sydney TAFE has teamed with a new clothing and retail social enterprise, The Social Outfit charity, to launch a dynamic collaboration that would enable students to gain real fashion industry skills and take on their own creativity and rich cultural heritage to produce garments for The Social Outfit’s store and adjoining workshop in Newtown.









More Federal Domestic Assistance Programs


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