governement grants?

BoAddict · 12-22-04, 12:03 AM

as everyone knows how our government loves to hand out money , was just wondering if anyone has tried to get any grants to help finance there business or hobby?

Mike

coldblooded · 12-22-04, 02:02 AM

try fundraising... didn't work for me, but hey, it's free money.

yep (youth entrepreneurship program)if u r between 18-30 or unemployment for HRDC funded programs.

gov't grants are a myth.

they don't just give out free money... if this has changed, let me know ASAP

coldblooded · 12-22-04, 02:05 AM

try this link...

http://www.cbsc.org/ontario/english/...l=ON_PROVBIS_E

keep in mind that there are sometimes prerequisites:

for My Company you must "Have a good idea for a business;
Complete approximately 12 hours of business training, available onsite or online through your local Small Business Enterprise Centre; Prepare a comprehensive business plan; Are able to contribute 35% of his/her loan amount...", ect.

hope it goes good for you.

Mike

Vengeance · 12-22-04, 07:25 AM

You be suprised, but the goverment does give out grants, you just have to know who to talk to and what programs are avilable.

As an example, my mother in-law was able to get a grant from the goverment to fix up her house and all she had to do in order to not pay the grant back is stay in the house for 5 years after the grant was issued. They gave her $20 K and she was able to do allot of work on her house. Now she had to meet a bunch of diffrent requirments, and she was unemployed at the time, but they do exist.

Odessa78 · 12-22-04, 09:59 AM

I and was accepted for one a few years back when I opened my own convience store. There are a tonne of requirements you have to meet in order to be accepted. I had to attend training, create a comprehensive business plan, as well as have my own money to put into the business. It was well worth all the work though. I have since sold the store as i found the time commitment was taking away from my children. But if you have a good idea it is well worth looking into.
Laura-Lee L

Greg West · 12-22-04, 10:12 AM

Where do you get the information on the grants?

Thanks

Greg West

hhw · 12-22-04, 10:18 AM

There are also a lot of tax breaks for small businesses and investments in small businesses. Each Canadian gets up to $500,000 tax free capital gains within their lifetime from investing in small businesses, and if there is a loss there are a lot of ways to deduct it from other income. If you have some wealthy relative in a high tax bracket you can always ask them to invest in your business venture.

Will · 12-22-04, 12:26 PM

I'm not sure if it is possible, but a lot of breeders' heads probably just exploded thinking about all the mojave and spider BPs the gov't could buy for them...

Vengeance · 12-22-04, 12:34 PM

Problem with the goverment is, you need to prove everything! So you may want to get a grant to bo any buy a bunch of morphs but most breeders don't want to put their revenue on paper either. So you won't be getting a receipt and can't prove to the goverment you bought anything and then they bend you over 6 ways from Sunday.

chas*e · 12-22-04, 04:21 PM

Government Loan/Grant for a small biz is a hard get. The best way is go to a bank for a small biz loan. Banks want your biz and they will help. The government doesn't give money away without a way to monitor the results. Home loan/grant is given because it generates equity. Dealing with the Government is a Hoop Jumping exercise....can you say HOW HIGH
They do give tax breaks though

coldblooded · 12-22-04, 05:40 PM

For info in Ontario check the link I posted above...

After you go through a program most have you take the Business plan you created and go to a bank that will decide weather to give you a loan or not. There is no "free" money ever... all must be repayed... I've just spent the last three years trying to get grants, loans, ect...

Go to your local Business Enterprise Center, usually at your city hall.

good luck, and don't give up. Working for you is worth the time.