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Missouri Business Development Programs
Description
The late-night infomercials on television and radio try to convince you otherwise. If you need to pay off your personal debts, want to start a small business or seek cash to sell your invention, the government has free money for you!
"There are no government grants for the purposes these telemarketers describe," says Mary Paulsell, assistant director of the University of Missouri's business development programs.
Grants are usually made by government agencies for non-profit foundations. Very seldom are they intended to fund for-profit enterprises like a small business or to allow an individual to pay off personal debts. The grants that are available for small companies tend to be focused on very specific purposes, such as providing childcare or working with disadvantaged children. Grants of that type may not be used for general business operating purposes.
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