Arkansas Small business grantsDo you not like the idea of being in a 9 to 5 job as you cannot work under a boss and you have always dreamt to be your own boss? There are millions like you who have a brilliant idea to start a new business venture to earn money and at the same time create employment opportunities for others in the area your live in. If you are living in the state of Arkansas, you will be happy to note that the government is always there to help and assist you if your business falls in the preferred sectors of economy and helps in creation of employment for others. There are many small business grants in Arkansas but not many people are aware of them. Even those who know about these grants do not play their cards right to land a grant for their business. Let us take a closer look.

Grants are alluring for entrepreneurs

It is easy to see why small business grants in Arkansas are very popular among the people who are desirous of starting a business or want to expand their existing operations. Government grants are very alluring as they represent easy money that an entrepreneur does not need to return. Imagine getting capital that is not to be repaid like a loan from a bank. This eases the pressure on the business owner as he can look after other needs of the business and also make payments of utilities and salaries on time. On the other hand, if a person starts a venture arranging money through financial institutions or private lenders, he is constantly under pressure to arrange the interest part.

Government grants are in specific areas of economy only

Arkansas is not different from other American states in the sense that government is always keen to help small entrepreneurs in specific areas of the economy such as farming, renewable energy, innovative businesses and emerging technologies etc. Rural areas are designated by the government for the opening of businesses as it feels that setting up ventures in rural areas creates employment opportunities in these areas helping people to get employment where they are rather than migrating to cities in search of better opportunities.

Small business grants in Arkansas are especially reserved in the state for minorities, Native Americans, women, and other weaker sections of the society. This is done deliberately as a welfare measure to uplift the financially poor layer of the society. Encouraging small entrepreneurs also works in the overall interest of the economy of the state as has been seen in the aftermath of the recession that set in 2008. It was the effort of the small businesses that ensure speedy recovery of the economy of the state. This is why government realizes the importance of encouraging small businesses through financial assistance in the form of small business grants.

However, despite all the attraction of small business grants, it makes sense to approach the right government agencies to stand a chance of getting a grant rather than falling prey to scamsters.

Available Arkansas small business grants openings

Rape Prevention and Education Program

health logoDate for applicants: Jun 25, 2012 – Aug 17, 2012
Estimated Total Program Funding: $35,302,137
Award Ceiling: $3,400,000
Expected Number of Awards: 59
Category of Funding Activity: Health
Agency Name: Centers for Disease Control and Prevention
Contact Person: Procurement and Grants Office 770-488-2700

Congress-Bundestag Youth Exchange Program

Department of StateDate for applicants: May 30, 2012 – Jul 31, 2012
Estimated Total Program Funding: $4,000,000
Award Ceiling: $1,700,000
Expected Number of Awards: 7
Category of Funding Activity: Other
Agency Name: Bureau Of Educational and Cultural Affairs
Contact Person: Hans Posey

FY 2012 National Crime Statistics Exchange (NCS-X) Project: Phase 1

Department of JusticeDate for applicants: Jun 05, 2012 – Jul 09, 2012
Award Ceiling: $2,000,000
Expected Number of Awards: 1
Category of Funding Activity: Information and Statistics
Agency Name: Bureau of Justice Statistics
Contact Person: Cathy Maston 2023075992

Advanced Manufacturing Jobs and Innovation Accelerator Challenge

Department of CommerceDate for applicants: May 24, 2012 – Jul 09, 2012
Estimated Total Program Funding: $26,000,000
Award Ceiling: $2,300,000
Expected Number of Awards: 12
Category of Funding Activity: Economic Development Advanced Manufacturing
Agency Name: Jobs and Innovation Accelerator Challenge
Contact Person:

Office of Innovation and Improvement (OII): Promise Neighborhoods Program–Implementation Grant Competition CDFA 84.215N

Department of EducationDate for applicants: May 09, 2012 – Jul 27, 2012
Estimated Total Program Funding: $27,790,000
Expected Number of Awards: 7
Category of Funding Activity: Employment, Labor and Training
Agency Name: Department of Education
Contact Person: Joyce Mays 202-245-6122

Finance sources for small business owners

Arkansas Small Business Development Center
2801 South University Avenue, Little Rock, AR
(501) 683-7700 ‎ ·

ASU Small Business Development Center
319 University Loop West, Jonesboro, AR
(870) 972-3517 ‎ ·

US Small Business Administration

2120 Riverfront Dr # 100, Little Rock, AR
(501) 296-3000 ‎ ·

ATU – Arkansas Small Business Development Center
106 West O Street #406, Russellville, AR
(479) 356-2067 ‎ ·