How to apply for Small Business Grants in Minnesota
Minnesota is a good location for businesses but the entrepreneurs in the area are faced with the challenge of capital. The starting a business may be quite challenging, especially with the financial challenges that are currently facing the economic sector, which make the grants a welcomed involvement. There are several players that are offering the entrepreneurs small business grants to start businesses such as the federal and state government as well as the private organizations. Some of the grants may be for women in business, but that helps a lot. There are steps that one should take when one is looking to get the grants and their execution may be a determinant of the gotten results.
- The first step to take is conduct research on the grants available in the Minnesota area is to investigate the small business grant offers available, whether state, federal or nongovernmental.
- One should then select the best choice of grants to apply for in their business, especially since the grants are categorized into industries such as energy.
- Applying for the grants is the third step to follow since only applicants are viable for the grants and this should be easy when one has conducted enough research.
Information n the grants are quite important and should be taken very seriously by the applicants. There are different challenges and conditions that one has to deal with if one is looking to get a grant. The information necessary for one to get the grants can be got from several sources but the best option will have to be the granting authority. One will get information such as the business details to apply the grant with and the period it takes for the grant to be approved or the steps to take if a grant is denied.
There are several Minnesota contacts that one should have in mind when making the grants choices, they may include;
Small Business Development Center
Minnesota State University, Mankato
Mail address: 120 Alumni Foundation Center
Street address: 1536 Warren St.
Mankato, MN 56001
Small Business Association
Minnesota District Office
100 North Sixth Street Suite 210-C Butler Square
Minneapolis, MN 55403