How to Get Stimulus Money for Small Business
If your small business is struggling in today's unfortunate economic climate, there may be hope on the horizon. Local, state, and federal governments are granting free stimulus money to worthy businesses in a variety of market sectors. That's right, free money. But to get that money you have to do the work, which means competing with a sea of other businesses just like yours. Follow these simple steps today and your business could be on its way to a brighter tomorrow.
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Instructions
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Figure out your target market. The government has identified a handful of market sectors with which it is partnering to encourage growth. These include education, transportation, infrastructure, healthcare IT, energy and transportation. If you provide products or services to any of these industries, you may be eligible for stimulus money.
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Educate yourself. Learn everything you can about the procurement process and what kinds of projects the government is looking to fund. Learn about the difference between local, state, and federal projects and how your business fits into the big picture.
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Make a plan. Just like appealing for a grant or to a board of investors, you'll need to be able to show the government that you have a plan for the money. Create a detailed plan with visual components that will clearly tell the government what you intend to do and how you intend to do it.
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Use your contacts. If you've been networking - like any good businessperson should - than you've likely got a few contacts who can put you in touch with the people making decisions at the level of government to which you are applying for funding. If you haven't made these contacts yet, it's never to late to start.
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