“small business grants: hear the truth.” presented by: farmingdale state small business...
TRANSCRIPT
“Small Business Grants:Hear the Truth.”
Presented by:Farmingdale State
Small Business Development Center
What Have Your Heard?
What Have Your Heard?
"This is Opportunity Money!"
Promises…
• $350,000 When The Banks Turn You Down• $75,000 If Your Business Is Hurt By Imports• $150,000 With One-Page Application• $1.5 Million To Start A Business In A Small Town • $25,000 To Start A Home Based Business • $15,000 For Entrepreneurs With Disabilities • Over $1 Billion To Work On Inventions and New
Ideas • $3 Million For Women With Low Income To Start
A Business
Amazon.com Reviews
Amazon.com Reviews, cont’d.
Better Business Bureau Reports
Consumer Affairs Reports
Spreading the Truth About Grants
• Better Business Bureau• NYS Consumer Board• NYS Attorney General• SBA, SBDC, SCORE, WBC, ESD• Book Reviews• Word of Mouth• Confessions from the PR agent
Beware Things That Look Like This…
Appearing on Search Engines = Legitimate?
The Plot, Part 1
The Plot, Part 2
The Plot, Part 3
The Plot, Part 4
The Plot, Part 5
How to Get Free Money!
Prepared by: “Grant” Company X
The Plot, Part 6
Also Beware…
• http://www.freegrantsources.com/• http://www.mygovernmentgrants.com• http://government-grants.org/• http://www.government-grants-101.com/• http://www.freegovmoney.net/• http://www.governmentgrant.com/• http://www.federalfundingsources.com/• http://freegovernmentmoney.us• And hundreds more!
The Real Grant Process
• The End-User Agency – purpose-driven
• Solicitation – detailed process, instructions abound
• Evaluation Process – scoring system• Award – funds disbursed• Monitoring – checking up
What About…Day Care Centers?
• Office of Children and Family Services- Center-based startup and expansion of
daycare spots (if startup, apply pre-license)- Health and safety: center-based only, must
be licensed, no startups- Accreditation reimbursement: home-based
and center-based• Child Care Council of Nassau/ Suffolk
- Small equipment grants
Sources: www.ocfs.state.ny.us, www.childcarenassau.org, www.childcaresuffolk.org
What About…Department of Labor Programs?
• Grants available to certain government agencies and existing nonprofit resource networks for: – Assisting at risk-youth– Brownfields training– Technical skills training
Source: www.labor.state.ny.us
What About…HUD?• Question 1: What is a "HUD Home"?
Answer: When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible.
• Question 2: Who can buy a HUD home? Answer: Almost anyone! If you have the cash or can qualify for a mortgage, subject to certain restrictions, you may buy a HUD home. HUD employees and relatives of HUD employees are eligible, but must receive written approval from the Director of HUD's Office of Single Family Asset Management in order to purchase a HUD-owned single family property. HUD employees should refer to paragraph 10-29C of Handbook 4310.5, REV-2, Property Disposition Handbook-One to Four Family Properties for the exact requirements to purchase a HUD-owned single family property. Other less common restrictions may apply.
• Question 3: Are HUD Homes meant for people with low incomes? Answer: HUD homes range in price, but most are affordable for low- and moderate-income Americans.
• Question 4: Is it true I can get a HUD Home for a dollar? Answer: No. HUD sells homes at market value - that means that the price is set based on the price of similar homes sold in the area.
Source: www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm
HUD Homes for Sale
$300,000
Real, FREE State Assistance
Legitimate Programs Include:• Child Health Plus • Food Stamp Program• Head Start • Low Income Home Energy Assistance Program• Medicaid • School Breakfast and Lunch Program• Special Milk Program• Special Supplemental Nutrition Program for Women,
Infants, and Children• Summer Food Service• Temporary Assistance for Needy Families• Unemployment Insurance• Weatherization Assistance Program
Legitimate Programs Include:• Medicaid• Section 8 Housing Vouchers• Employment and Training Assistance• Emergency Food Assistance Program• Stafford Student Loans• US Citizenship and Immigration Services• Social Security Disability Insurance Benefits• Weatherization Assistance for Low-Income
Persons• Veteran’s Prescription Service• Housing and Urban Development (HUD)
Source: www.govbenefits.gov
Real, FREE Government Assistance
Real Grant Program Directories
• www.firstgov.gov - FirstGov is the official U.S. gateway to all government information.
• www.cfda.gov - The Catalog of Federal Domestic Assistance (CFDA) gives you access to a database of all Federal programs available.
• www.grants.gov - The official grants website for all Federal agencies. The site allows organizations to electronically find and apply for competitive grant opportunities from all Federal grant-making agencies.
• www.fdncenter.org – The Foundation Center is a one stop resource for grant makers and seekers.
Research and Innovation
• SBA-Sponsored Programs (by solicitation only)– Small Business Innovation Research (SBIR)– Small Business Technology Transfer Research
Program (STTR)
• US Department of Energy– Industrial Technologies Program (Solicitations
only)
• The Global Network of Environment & Technology
• Long Island Forum for Technology– Programs to support
Sources: www.sba.gov/SBIR/indexsbir-sttr.html, www.lift.org, www.eere.energy.gov/industry/financial/, gnet.org/government/stategov/1870.cfm
Specialized Grant Programs
• Trickle Up Grant– $700 total, in 2 installments– Strict income maximum guideline– Business plan/ projection needed
• NYS VESID (Vocational and Educational Services for Individuals with Disabilities)
– Reimbursement grants up to $11,000
Sources: www.trickleup.org, www.cdcli.org, www.vesid.nysed.gov
County Programs for Small Business
• Nassau/ Suffolk County: Economic Revitalization– High-Tech/High-Skilled Industry: Attracting new business,
creating new jobs– Downtowns: Working to revitalize traditional downtowns– Minority/Under-Served Communities: Integrating resources
for sustainable growth – Brownfields: Redeveloping abandoned and contaminated sites– Workforce and Senior Housing: Finding housing solutions for
groups in-need – Open Space: Protecting the beauty and integrity of suburban
life– Transportation: Identifying new transit options for the Nassau
Hub– Education: Bringing attention to the need for improved public
schools– Linked Deposit– Industrial Development Agency
Sources: http://development.nassaucountyny.gov/home.html, http://www.co.suffolk.ny.us/webtemp3.cfm?dept=4&id=243#SCP
NYS Programs for Small Business
• Empire State Development– Linked Deposit Program– NYS Science and Technology Program
(debt and equity capital)– Industrial Effectiveness Program (grant
– for existing businesses)
Source: www.nylovesbiz.com
LIPA
• Business Energy Analyzer• LIPAedge• Business Analysis• Clean Energy• Economic Development Team
Source: www.lipower.org/commercial/small
LOANS
• SBA– provides guarantee (need bank also)
• LIDC– direct lender
• ESD– works with LIDC and other agencies
• Nassau/ Suffolk County– works with LIDC
Source: check with the SBDC!!
Links
• Day Care: www.ocfs.state.ny.us, www.childcarenassau.org, www.childcaresuffolk.org
• Department of Labor: www.labor.state.ny.us• HUD: www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm• Federal: www.govbenefits.gov, www.grants.gov, www.cfda.gov • Research and Innovation:
www.sba.gov/SBIR/indexsbir-sttr.html, www.lift.org, www.eere.energy.gov/industry/financial/, gnet.org/government/stategov/1870.cfm
• Specialized Grant Programs: www.trickleup.org, www.cdcli.org, www.vesid.nysed.gov
• County Programs: http://development.nassaucountyny.gov/home.html, http://www.co.suffolk.ny.us/webtemp3.cfm?dept=4&id=243#SCP
• NYS Programs: www.nylovesbiz.com• LIPA: www.lipower.org/commercial/small
Q&A
Contact: 631.420.2765Farmingdale SBDC