Grants for Women Entrepreneurers
A grant is a financial award given to a person that is typically not required to be paid back. Grants are available for women entrepreneurs wanting to start a business, expand a current business, invent a new product or any other venture. Although some grants do not have to be paid back, there are certain requirements and guidelines that an organization, person or corporation can mandate in order for the woman entrepreneur to receive the grant.
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The Amber Grant
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The Amber Grant for Women was established for women entrepreneurs that want to start their own businesses. The Amber Grant is a small grant that ranges between $500 and $1,000, because it is awarded with the intention of upgrading equipment, or paying a small utility or other small essential bill. This grant does not have to be repaid by the woman that receives it. The grant was established to help young women achieve their dreams, in the honor of a young woman named Amber who passed away and could not follow her own entrepreneurial dreams.
Federal Grants
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There are federal grants available for women entrepreneurs starting or expanding their business. The grants are awarded to women on the basis of bettering themselves and fulfilling the dream to be a business owner. Some of the grants come with requirements as to which women will qualify for the grants, such as those starting businesses in the arts, business or science and technology. The federal agencies that offer these grants include the Medicare Payment Advisory Commission, The U.S. Department of Health and Humane Services and more.
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Private Grants For Women Entreprenuers
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Private grants are awarded from celebrities and other private investors who promote kind acts of generosity, such as Oprah Winfrey, Bill Gates, Martha Stewart, Bill Cosby and more. These grants are awarded to individuals, including women entrepreneurs, who want to show great aspiration and dedication. These professionals generally set up a board of directors, foundations or committees that handle the specifics of awarding the grants and scholarships.
Corporate Grants
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Corporate grants are available to women. A corporate grant are developed and administered by various corporations that fund projects for various reasons, including boosting their corporations popularity in the community or because they stand to benefit from funding the company. The different corporations that award corporate grants to women include Kellogg's, Verizon, Toyota, Microsoft and more.
The Women's Financial Fund
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The Women's Financial Funds awards grants to women entrepreneurs starting a business or expanding the business she already has. The award amounts for women starting a business range from $100 to $5,000. Grants for women expanding their business range from $1,000 to $5,000. Women entrepreneurs in all business fields such as marketing and service-oriented ventures are encouraged to apply for these grants. The grants can be used for business-related purchases, such as buying equipment, developing a new product or business research.
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