The Benefits Of Government Grants

As an individual, I can convince the Government to give me some money if I can convince them that the money is going to be productive in a certain field. For example, if I where to open a center to help illiterate adults learn how to read and write, there would be a chance to writing a proposal to the appropriate agency and wait for a reply. This money is not a loan, but instead is a way for the authorities to help out Americans when they needed the most. This is what in legislative language is called a grant, funds set aside by the government to give out to individuals and organizations meet an objective but does not create an obligation to repay that money. Instead the authorities only measure how and when was the money spent, in order to establish if it is related to the purpose to witch the fund was originally intended.

Grants are not always given to charities or similar organizations. It can also be given to art institutions such as a museum of any kind, small businesses and individuals that will fulfill some task that the government is unable to achieve without the help of a local party.
There are over 900 grant programs offered by the 26 Federal grant-making agencies. These programs fall into 21 categories:

* Agriculture
* Arts
* Business and Commerce
* Community Development
* Consumer Protection
* Disaster Prevention and Relief
* Education Regional Development
* Employment, Labor, and Training
* Energy
* Environmental Quality
* Food and Nutrition
* Health
* Housing
* Humanities
* Information and Statistics
* Law, Justice, and Legal Services
* Natural Resources
* Science and Technology
* Social Services and Income Security
* Transportation

A lot of small organizations ranging from one to a couple of folks benefit from these government grant programs. Most of them where given a boost by the Obama Administration when the stimulus package that was originally meant to bailout the big financial institutions finally became law this past February. U.S. Secretary of Education Arne Duncan announced in March 7 that $44 billion in stimulus funding from the American Recovery and Reinvestment Act (ARRA) will be available to states in the next 30 to 45 days.

The first round of funding will help avert hundreds of thousands of estimated teacher layoffs in schools and school districts while driving crucial education improvements, reforms, and results for students. Later on this year we will start reading in the news about new grant programs the Government is creating with the intention of delivering on the promise of getting America out of the current crisis.

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