Arizona State Business Grants
Arizona is open for business. The Arizona Commerce Authority awards grants to new and growing businesses in the Grand Canyon State. Once known for the three C's --- cotton, copper and citrus --- Arizona is now a hub for solar energy, biotechnology, advanced technologies and defense. Maintaining its leadership role, Arizona offers state business grants to encourage similar businesses to flourish in the desert.
Other People Are Reading
-
Grants to Get Grants
-
Winning a federal economic development grant or getting a low-interest federally backed loan is a major endeavor for the inexperienced. The jargon, forms and requirements can intimidate even experienced business executives. For technology businesses of fewer than 100 employees and less than $4 million in revenue, the Arizona Commerce Authority awards up to $5,000 to hire a professional grant and loan writer. These professionals understand the nuances and how to package a grant application for greater chances of success.
Grants for New Technologies
-
Arizona incubates advanced-technology companies and awards a market and technology assessment grant for startups or innovative products. Market assessments feed the business plan, producing tools that prepare marketing plans and licensing strategies. For a technology assessment, Arizona pays an independent expert to analyze the product and its production requirements to help determine capital requirements for the industrial facility. Both assessments assess technology competition or exclusivity and create an intellectual property protection program.
-
Grants for Innovation
-
Getting in on a company's ground floor is one way a state grows its economy. To achieve this objective, Arizona awards grants to early-stage technology ventures, bridging the financing gap between research and development and commercial launch. Funds are awarded to companies and their subcontractors to offset this capital shortfall. Innovation grants leverage venture capital, increase export opportunities and generate new jobs. Companies with fewer than 30 employees are eligible for these grants.
Grants for Work-Force Training
-
Hiring well-trained and qualified employees is a crucial component of business growth. Arizona provides direct training and educational assistance to businesses building a work force. While the work-force development grants aren't payouts to the business, the awards pay up to 75 percent of training costs when a business uses the state's Workforce Connection staff to manage the training.
-
