No Need To Pay To Find Free Money
Q: I am a single mother starting a retail clothing franchise business. Are there any legitimate ways to find out about government grants for minority-run small businesses? I have been inundated with e-mails from companies wanting me to pay them for lists. Are any of these resources worth my money?
A: Yes, we have all seen the bold advertisements. On television and online, marketers encourage consumers to pay money to learn where they can get “free money” in the form of student scholarships and government and foundation grants.
Instead of paying money for access to information about government grants, how about researching free sources first. Check out grants.gov or the Catalog of Federal Domestic Assistance at cfda.gov.
Seattle-based grant funding expert Renee Bourque says consumers should be cautious about grant database services. “Unfortunately, many fee-based database services give the impression that anybody can get a grant,” Bourque says. “Only the best, most competitive proposals tend to get funding. Also, individuals can find essentially all the same information by going to government Web sites.”
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