Rhode Island small business grantsSmall business grants in Rhode Island encourage and assist entrepreneurs in a great way. Availing such grants and setting up a venture with the help of it is best option that is being sought. The Federal government and the US Small Business Administration do not offer any grants however state development agencies come forward to offer grants and other types of financial assistance. These grants serve to be applicable for any kind of business venture and also play a pivotal role in the expansion of the business.

Small Business grants and it’s advantage

Unlike other financial programs there is absolutely no pay back as far as Small business grants in Rhode Island are concerned. One need not worry about down payment, credit check, or collateral, owing to this there is a growing demand for such grants. Certain grants help in establishing the business through cash while the others make sure that business undertaken matches the amount that they offer as capital. However there is no advertisement or marketing of any kind and the criterion for eligibility is strict. Therefore one needs to keep a track of the procedure keenly.

Who fits the bill?

There a range of eligibility factors for small business grants. The total number of years in business, income, age, educational qualification, sex, race, purpose of establishment, location where the business is carried out, etc. plays a pivotal role in acquiring the grant. Grants are targeted for industries like Agriculture, Child care, Medicine, Environmental Management, Technology, Manufacturing, Research, Tourism etc. Exclusive grants are also available for military men, women, people with disabilities, minority business owners and those setting up business ventures in rural communities.

Synopsis on grants for business owners in Rhode Island

Marine Geology and Geophysics

NSF LogoDate for applicants: Mar 08, 2012 – Aug 15, 2012
Estimated Total Program Funding: $0
Expected Number of Awards: 0
Category of Funding Activity: Science and Technology
Agency Name: National Science Foundation
Contact Person: support grantsgovsupport@nsf.gov

Research Interests of the US Air Force Academy

Department of Defence logoDate for applicants: Jun 01, 2012 – Sep 30, 2019
Estimated Total Program Funding: $90,000,000
Category of Funding Activity: Science and Technology
Agency Name: Air Force Academy
Contact Person: Jessica Niebuhr (719)333-2786

OIA Maintenance Assistance Program

Department of interior logoDate for applicants: Sep 30, 2011 – Sep 30, 2019
Estimated Total Program Funding: $1,500,000
Award Ceiling: $1,500,000
Expected Number of Awards: 20
Category of Funding Activity: Maintenance assistance for the U.S. Insular Areas
Agency Name: Department of the Interior
Contact Person: Faride Kraft 202-219-1335

Early-Grade Reading Improvement Interventions

USAIDDate for applicants: Nov 02, 2011 – Oct 31, 2012
Estimated Total Program Funding: $12,000,000
Award Ceiling: $5,000,000
Expected Number of Awards: 5
Category of Funding Activity: Education
Agency Name: Agency for International Development
Contact Person: Kara Stith 202-567-5323

Expanding Civic Participation and Defending Human Rights in Cuba

Department of StateDate for applicants: Jun 13, 2012 – Jul 13, 2012  
Award Ceiling: $2,050,000
Award Floor: $500,000
Category of Funding Activity: Other
Agency Name: Bureau of Democracy, Human Rights and Labor
Contact Person: Customer Support 1-800-518-4726

How to get one?

Once the criterion for eligibility is thoroughly studied apply for the Small Business grant through a written application. Convince the grants officer by charting out a detailed account of the business plan with authentic and accurate information. Be well aware of the myriad financial constraints that might pose a potential threat to the business venture. Apart from gathering as much as information from the grants officer also consult an accountant or a consultant for further credibility. It is mandatory to have a thorough knowledge regarding the various specifics of the budget which might help one in achieving the grant.

Since there is no pay back of any kind the demand for small business grants in Rhode island is subsequently greater and it is offered only to a very few and for those who fit the stringent eligibility factors. Therefore it is strongly recommended to follow the procedures keenly by communicating with the concerned officials regarding the business plan from time to time. By proving the potential of the business venture justly one can make the best use of what the state has to provide. Grants is therefore a boon for entrepreneurs who seek financial assistance.

Extra resources for finding and getting grants

Rhode Island Small Business Development Center
270 Weybosset Street, Providence, RI
(401) 598-2702 ‎ · risbdc.org

Ocean State Tax Services LLC
246 Centerville Road, Warwick, RI
(401) 736-0707

Chamberland & Co Ltd
607 Great Road, North Smithfield, RI
(401) 765-1235

Aaronson Ins Agency Inc
190 Putnam Pike # 3, Johnston, RI
(401) 232-3810

Small Business Solutions Inc
1193 Tiogue Ave # 5, Coventry, RI
(401) 821-8586

Cumberland Licensing Corporation
2374 Diamond Hill Road, Cumberland, RI
(401) 333-4805

The Washington Trust
20 Point Judith Road, Narragansett, RI
(401) 782-1000