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Saturday, May 23, 2009

Government Grants - There's No Free Lunch

You and I and millions of other individuals have seen the TV infomercials and Online Ads telling you how the Government has billions of dollars in Free Money just waiting to be given away to you.

All you have to do is submit a grant application and within days you can have a check for thousands of dollars to use any way you decide.

Of course all you have to do to get the information, grant proposal templates, list of agencies that make grants available... is pay small shipping fee or pay a one time members fee in some cases up to $50 to gain access to the information from the websites members area.

If you follow this to good to be true ploy, you're going to be making a big mistake, and here's why!

Information for obtaining Government Grant money is available for Free from your local library or online. Therefore you should not pay for something that is FREE!

Second most grants that are given out are given out to other governmental agencies, non-profit organizations, states, cities, education institutions, research centers or charitable institutions that are going to use that money for the public good.

When the government gives out grant money it comes with a great deal of strings attached. If the receiver of the Government Grant money does not me the terms of the grant application they can face stiff monetary penalties and/or jail time for miss use of the money.

If your looking for grant money to start a business there are very few programs available for this. Normally such money is given out to those that are starting ventures in New Technology or looking to start business that will create guaranteed jobs in depressed areas.

When the Government does give grant money it post all available grants for FREE in the Catalog of Federal Domestic Assistance or CFDA. The CFDA list over 1400 grants and assistance programs that are administered by some 50+ Federal Agencies. You can find this information online at cfda.gov or you can visit you major local library for a copy of the listing.

On this list you will find all the grants that are available, the agency administering the grant program, how much money is available, who can apply to receive the grant money and what are the requirements for eligibility.

All recipients of Government Grant Money must keep detailed records, must follow to the letter all the information provided on the grant application on how the money is to be spent, must meet Government Performance Standards and are subject to Government Audits.

As outlined above Government Grants are not Free money that's available to anyone just for the asking on the contrary, this money is available to other institutions and to a select few experts in the high technology arena. Don't fall prey to the popular belief that Government Grant Money is available to individuals seeking to obtain money from the Government.

Keep your money in your pocket and find something better to do with it than giving it to companies who's only priority is to fatten their wallets.



Article Source: http://EzineArticles.com/?expert=Xzen_Dor

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