The Small Business Administration and the Federal Trade Commission have announced a new grant program called Restart to Grow America. This program is a collaboration between the two government agencies to spur economic growth in the United States. Restart will become available to eligible small businesses in third world countries that demonstrate an interest and a track record of success in establishing a franchise. The goal is to help those companies to come to the United States to compete with the more established companies, which in turn will help the economy to grow at a healthy rate.
The recession has taken a toll on the American economy. Real estate prices have plummeted, consumer confidence has been affected by uncertainty, and consumers are reluctant to spend. Many businesses have either gone out of business or have cut employees as they have tried to conserve capital and reduce expenses. In these circumstances, the government has a unique opportunity to help businesses come back to life and to create jobs, because it has designated millions of dollars as Restart Funds.
The government will provide rebates and loans for eligible businesses that show an interest in expanding their existing business operation in the United States. However, these businesses must show immediate plans for expansion. This means that they cannot be putting together a plan over the summer and simply start marketing to businesses in the same area as theirs. Once the company has established a plan to become profitable, they must apply for funds from the Restart Fund. The company must provide a project analysis and project estimations showing how their proposed expansion will enhance the company’s revenue stream, its market share, and how it will create jobs in the local economy. The business also needs to provide a business plan that clearly identifies all financial challenges that it believes will arise and how those obstacles can be overcome.
There are many criteria that businesses need to meet in order to qualify for this grant. They must be at least two years old, and they must have a direct focus on developing the local economy in their community. The businesses must also prove to the government that they have a history of success in the community in which they are operating. In addition, all grant applications must be written by the businesses themselves, and they need to include a mission statement. The mission statement is not just a fancy way of saying, “We want to be in your community.”
There are very few grants available to US citizens, and the ones that are available are limited in size and tend to pay a pittance compared to what they could potentially get if they had a good enough application. It takes the government approximately five to seven days to process an application. In some cases, they may take even longer. Keep in mind that the more information you have, the faster the government processes your application, so the more money you will receive.
For small businesses that are looking to start up or expand, this unique opportunity can help you get the funding you need to either expand your current operation, or give you the funds you need to hire additional employees, or both. There are no limits on the number of grants you can apply for, and the government will never turn down a business proposal. You will be matched based on your unique needs and based on the information they have in their database. By applying online, you will immediately receive an application and guarantee that you will be reviewed and provided with the funding you need. As long as your business fits the general criteria, there is no reason why you cannot become eligible to receive this incredible grant.