Indiana Small Business Grants
With more than $13,346.00 million dollars in grants and additional local government funding sources of $10,194.00 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 Indiana. There are 111,972 business establishments in the state of Indiana, and they break down to the following:
Indiana Business Sector Breakdown by Size:
- 61,984 registered businesses in Indiana have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 20,320 registered businesses in Indiana have 5 to 9 employees.
- 12,886 registered businesses in Indiana have 10-19 employees.
- 10,957 registered businesses in Indiana have 20-99 employees.
- 2,932 registered businesses in Indiana have 100 to 499 employees.
- Over 2,893 registered businesses in Indiana have over 500 employees.
Indiana Business Sector Breakdown in Service Industries:
- 12,997 registered businesses in Indiana are in the Professional, Scientific and Technical Services sector.
- 7,419 registered businesses in Indiana are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 12,770 registered businesses in Indiana are in the Accommodation and Food Services sector.
- More than 16,809 registered businesses in Indiana 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 61,000 farms in the state of Indiana.
Starting and managing a small business in Indiana is not an easy task. Over $88,394,198,000.00 US dollars are paid to employee salaries/payroll alone in the state of Indiana and more than 49,310 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Indiana, 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 Indiana, contact Indiana financial aid agencies.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state:
Small Business Grants in Local States
Grant Application Guides and Resources
It is always free to apply for government grants. However the process may be very complex depending on the funding opportunity you are applying for. Let us help you!