Grants are not benefits or entitlements. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Federal grants are not federal assistance or loans to individuals. A federal grant may not used to acquire property or services for the federal government’s direct benefit. The 26 federal agencies offer over 1,000 grant programs annually in various categories. Make sure you are prepared for a grant with a professional business plan.
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