Small business owners are often limited in terms of funding and resources, which can hinder their growth and success. However, small business grants can provide a much-needed boost to help entrepreneurs achieve their goals. Indiana has a number of grants available specifically for small businesses – here are 10 options to consider:
1. Indiana State Trade Expansion Program (INSTEP) – INSTEP provides funding to help Indiana small businesses expand into foreign markets through export promotion activities.
2. Innovate WithIN – This grant program provides funds to Indiana students to start and run their own businesses, with a focus on innovation and entrepreneurship.
3. Economic Development for a Growing Economy (EDGE) – EDGE is a tax credit program that rewards companies for creating new jobs and making capital investments in Indiana.
4. Small Business Development Center (SBDC) – SBDC provides free consultation and education services to help Indiana small business owners start, grow, and succeed.
5. Economic Development Corporation (IEDC) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) – This program provides matching funds for Indiana small businesses to participate in federal research and development programs.
6. Energy Efficient Commercial Buildings Tax Deduction – Small businesses can receive a tax deduction for investing in energy-efficient building upgrades.
7. Indiana Food Hub Network Grant Program – This program offers funding to businesses in the agriculture and food sector for initiatives that support local food systems and access to healthy food.
8. Manufacturing Grant Program – The Manufacturing Grant Program provides funding for Indiana manufacturers to support growth, innovation, and job creation.
9. Technology Enhancement Certification Grant – This grant program provides funding to Indiana small businesses for technology upgrades that increase their competitiveness.
10. Richard G. Lugar Climate Solutions Mapping Project – This grant program supports Indiana businesses in addressing climate change through innovative solutions and sustainable practices.
While starting or growing a small business can be a challenge, taking advantage of grants like these can help entrepreneurs achieve their goals. It’s important to thoroughly review each grant program’s guidelines and application process to ensure the best chances of success. By utilizing these resources, Indiana small business owners can boost their success and contribute to the state’s economy.
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