Tennessee Small Business Grants
With more than $17,064.00 million dollars in grants and additional local government funding sources of $10,210.00 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 Tennessee. There are 99,055 business establishments in the state of Tennessee, and they break down to the following:
Tennessee Business Sector Breakdown by Size:
- 54,058 registered businesses in Tennessee have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 18,328 registered businesses in Tennessee have 5 to 9 employees.
- 11,225 registered businesses in Tennessee have 10-19 employees.
- 9,751 registered businesses in Tennessee have 20-99 employees.
- 2,701 registered businesses in Tennessee have 100 to 499 employees.
- Over 2,992 registered businesses in Tennessee have over 500 employees.
Tennessee Business Sector Breakdown in Service Industries:
- 11,273 registered businesses in Tennessee are in the Professional, Scientific and Technical Services sector.
- 6,711 registered businesses in Tennessee are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 11,707 registered businesses in Tennessee are in the Accommodation and Food Services sector.
- More than 14,405 registered businesses in Tennessee are also service orientated businesses but are not categorized to the above sectors.
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 79,000 farms in the state of Tennessee.
Starting and managing a small business in Tennessee is not an easy task. Over $86,220,358,000.00 US dollars are paid to employee salaries/payroll alone in the state of Tennessee and more than 52,460 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Tennessee, 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 Tennessee, contact Tennessee financial aid agencies.
Small Business Grants in Local States
Recent Business Grant Recipients
|Recipient||Project, Industry, Purpose||Amount|
|Project: Market research to determine appropriate marketing strategy
Industry: Information Not Available
|Atlantic Aqua Farms Inc
|Project: Incoming buyers tours
Industry: Agriculture, Forestry, Fishing and Hunting
Purpose: Productivity & Operating Capital
|Communication Digicharm Inc
|Project: Manufacturing of audio and video equipment
Industry: Manufacturing, Mining and Energy
Purpose: Business Development and Trade Shows
|Project: Establish a grocery store
Industry: Retail Trade/ Services
Purpose: New Business Startup
|Blueprint It Works Inc
|Project: For subsidizing the wages of a graphic designer
Industry: Professional, Scientific and Technical Services
Purpose: Wage Support