Women-Owned Business Grants Explained

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Government Grants: Women-Owned Business Grants Explained

The fact of the matter   

In 2018 alone, women owned over 12 million enterprises in the US. If that was not enough, women enjoy a majority of ownership in almost 40 percent of US firms. Here’s a piece of statistics that points toward the rise of women’s entrepreneurial spirit—the businesses owned by women employ 9.2 million people in the States.

Many assume that the world of entrepreneurship is enjoying robust support from all quarters, but that is not the case. The thing is that the world—especially in the US—has started noticing the capabilities that women leaders pack in themselves. Despite the power of women in the entrepreneurial world, they face a lot of barriers and challenges while they are getting started. And when it comes to facing daunting challenges in starting a women-owned business venture, it comes down to federal government grants. Grants for women starting a business The federal government is wholeheartedly supporting women who are enterprising. Which is why, the government has taken out grants that provide the much-needed capital injection for women-owned businesses. For securing grants for women starting a business, however, the women need to write an application. In that application, they need to describe their business plan and where they will be using it. Once the application is approved by the government, the woman gets the funds. And, yes, women have no obligations to repay these funds to the government—that’s why these grants are even called free money. But writing an application that motivates the government to give grants is no easy task.


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