With more than $7,578.00 million dollars in grants and additional local government funding sources of $5,033.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Iowa. There are 63,720 business establishments in the state of Iowa, and they break down to the following:
Iowa Business Sector Breakdown by Size:
Iowa Business Sector Breakdown in Service Industries:
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 93,000 farms in the state of Iowa.
Starting and managing a small business in Iowa is not an easy task. Over $43,832,368,000.00 US dollars are paid to employee salaries/payroll alone in the state of Iowa and more than 10,365 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Iowa, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in Iowa, contact Iowa financial aid agencies.
|Recipient||Project, Industry, Purpose||Amount|
|Project: Grants to support environmental research and development
Industry: Professional, Scientific and Technical Services
Purpose: Research & Development / Patents
|Gibbons Construction Limited
|Project: Purchase a caterpillar model 350 road builder
Industry: Construction/ Professional Trades
|Mr Joseph Collier
|Project: Establish a meat cutting and packaging facility
Industry: Manufacturing, Mining and Energy
Purpose: New Business Startup
|Project: Acquire existing rainbow gallery incorporated
Industry: Arts & Entertainment
Information and Cultural Industries
|Bee Stone Company Inc
|Project: Purchase quarry equipment
Industry: Information Not Available