The conversation discusses the availability of grants for businesses and the challenges associated with finding and obtaining them. It highlights that grants for profit-making businesses are limited, with the majority going to nonprofits. Specialized grants from government departments and agencies are mentioned, but they are not plentiful. The conversation emphasizes the importance of understanding the expectations and requirements of grants, as well as the potential limitations on how the funds can be used. It also suggests alternative ways to raise capital, such as crowdfunding and pitch competitions. The importance of conducting thorough research and seeking legitimate resources for grants is emphasized.
Grants for profit-making businesses are limited, with the majority going to nonprofits. Specialized grants from government departments and agencies exist but are not plentiful.
Understanding the expectations and requirements of grants is crucial. Alternative ways to raise capital include crowdfunding and pitch competitions.
Host
Hosted by the Farmingdale SBDC’s Business Breakthrough | New York Podcast. The Farmingdale SBDC is part of the New York Small Business Development Center (SBDC) network of 20 campus-based centers and outreach offices located across New York State.
Funded in part through a Cooperative Agreement with the US Small Business Administration. Training collaboration does not constitute an expressed or implied endorsement by the NYSBDC and SBA of the presenter(s), their organization(s), and/or their products and services.
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