Grants For Profit – Where’s the Free-For-Profit Business Grant Money?

November 30, 2009 · Posted in minority owned business grants · Comment 

The Problem

So the United States economy is struggling. Everyone is trying to figure out what will pull us out of the current recession. In February 2009 U.S. Congress passed the American Recovery and Reinvestment Act of 2009 (ARRA), also known as the stimulus bill. Its purpose was to provide a stimulus to the U.S. economy in the wake of the economic downturn. I don’t agree with everything our Congress and the Obama administration is doing. But I trust they are getting wise counsel. Hopefully people / advisors who are well versed in the field of economics. But we are sailing in uncharted territory. Academics won’t reveal the solution, only the tendencies and trends. Creativity applied to financial wisdom and judgment will bring about and / or accelerate our recovery.

At the business level, the struggle is similar. The business challenge is how to increase revenues and reduce costs. (The government is apparently not concerned with the cost reduction side. We already had a budget deficit before the stimulus bill.) So what can companies do to survive? Marketing in uncertain times has to continue, so the business can be positioned and in the minds of its customers and clients when the recovery happens. Read more

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