Last Updated on January 16, 2024 by Lori Pace
If you’re a small business owner in Louisiana, you know just how important funding can be to help your business thrive and grow.
Fortunately, several small business grants in Louisiana can provide you with the financial support you need.
This article will explore the various grant programs specifically designed for small businesses in Louisiana, including the State Trade Expansion Program (STEP), SBIR and STTR Grants, Amber Grant for Women, GrantWatch, and NewCorp.
The State Trade Expansion Program (STEP) is an excellent grant program for small businesses in Louisiana that are looking to expand their export activities. This program provides financial assistance to help cover costs associated with international trade, such as market research, trade show participation, and export training.
Another option is the SBIR and STTR Grants, which are federally funded programs that provide grants to small businesses engaged in research and development. These grants can be an excellent opportunity for small Louisiana businesses working on innovative projects and technologies.
Whether you’re a woman-owned business or a small business needing general funding, grants like Amber Grant for Women specifically target these demographics.
GrantWatch and NewCorp are additional resources that can help you find the right grant program for your small business in Louisiana.
With a thorough understanding of the eligibility requirements and application guidelines, you can increase your chances of securing the funding you need to take your business to the next level.
We’ll also explore alternative resources that can support and assist small businesses in Louisiana.
State Trade Expansion Program (STEP)
If you’re a small business owner in Louisiana, consider applying for the State Trade Expansion Program (STEP). The program provides grants to help businesses expand their international trade activities and increase their global presence.
The STEP program is designed to assist eligible businesses in accessing global markets and increasing their export sales. Small business owners can receive financial assistance to participate in trade missions, attend international trade shows and exhibitions, and receive technical assistance in developing their international business plans.
SBIR and STTR Grants
The SBIR and STTR grants offer opportunities for entrepreneurs to access funding and tap into innovation in Louisiana. These business grants, provided by the federal government, serve as a valuable funding opportunity for eligible businesses in the state.
With the SBIR grants, small businesses can secure funding for research and development projects with the potential for commercialization. On the other hand, the STTR grants focus on fostering collaboration between small businesses and nonprofit research institutions, encouraging the transfer of technology from the research lab to the marketplace.
Both grants provide financial support and offer access to resources and expertise that can greatly contribute to business development. By taking advantage of these government grants, entrepreneurs in Louisiana can propel their innovative ideas forward and contribute to the growth and prosperity of the state’s economy.
Amber Grant for Women
The Amber Grant empowers and supports women in their business endeavors. This business grant is specifically tailored for women in Louisiana. It provides much-needed financial assistance and business assistance to help you succeed.
The Amber Grant recognizes the unique challenges and potential of women entrepreneurs. It aims to foster economic development by providing them with the resources they need to start and grow their small businesses.
You can access valuable business programs, mentorship opportunities, and networking events by applying for this grant. These will propel your entrepreneurial journey forward. Take advantage of this opportunity and join the community of successful women entrepreneurs who have benefited from the Amber Grant. Start making your mark on the business world today and contribute to the economic growth of Louisiana.
GrantWatch
Maximize your potential as a female entrepreneur by exploring the opportunities available through GrantWatch, a platform designed to connect you with resources and funding to support your business endeavors.
GrantWatch offers a variety of benefits and resources for small business owners in Louisiana, including access to business grants, government grants, and financial assistance opportunities. Through GrantWatch, you can discover various funding options, including capital for small businesses and support from community development financial institutions.
Take advantage of this valuable platform to access the resources and funding you need to succeed as a female entrepreneur in Louisiana.
Louisiana Small Business Development Center
Explore the extensive resources and support available through the Louisiana Small Business Development Center to propel your entrepreneurial journey forward. The Louisiana Small Business Development Center (LSBDC) offers a wide range of services, counseling, training, and grants specifically designed to help small businesses in Louisiana succeed.
Whether you are a startup seeking guidance on business development activities or an established business seeking financial assistance opportunities, the LSBDC is here to assist you. They provide assistance with business grant proposals, offer training programs to enhance your entrepreneurial skills and connect you with community lenders for financial support.
Additionally, the LSBDC supports the growth of cultural businesses and promotes community economic development. Take advantage of the valuable resources the LSBDC offers to maximize your chances of success in your business venture.
Louisiana Economic Development
Louisiana Economic Development offers a wide range of resources and programs to support small businesses in the state. Through their small business grants, you can access funding to expand your operations, invest in new equipment, or hire additional staff.
Additionally, Louisiana Economic Development assists in navigating the state’s business climate, connecting you with nonprofit organizations and community lenders that can help you secure financing. They also offer networking opportunities, allowing you to connect with other entrepreneurs and potential clients.
With a focus on clean technologies, Louisiana Economic Development can help you explore sustainable options for your business, reducing your environmental impact while increasing your profitability.
By taking advantage of the resources and programs offered by Louisiana Economic Development, you can take your small business to new heights and contribute to the economic growth of Louisiana.
Federal Emergency Management Agency
The Federal Emergency Management Agency (FEMA) offers various financial assistance opportunities to help businesses recover and rebuild after a disaster strikes. Whether your business is located in a rural community or engages in government contracting, various programs, and grants are available to support you.
FEMA understands the importance of employees in the recovery process and offers grants that focus on broad-based employee ownership and collaborative projects. Nonprofit organizations are also eligible for FEMA grants to assist in their disaster recovery efforts.
To access a comprehensive list of available grants and assistance programs, visit FEMA’s website and explore the various options that align with your business history and budget. Don’t hesitate to explore the opportunities provided by FEMA to ensure your business can recover and thrive in the face of adversity.
Fund 17
If you’re an aspiring female, minority, immigrant, veteran, and financially disadvantaged entrepreneur in Louisiana, there’s an organization that can help you turn your dreams into reality – Fund 17.
Fund 17 is dedicated to supporting and empowering local entrepreneurs by providing them with the resources and assistance they need to succeed. The program offers 0% interest loans through the peer-to-peer Kiva program.
Fund 17 understands the importance of Louisiana’s diverse and vibrant business sector. They promote economic development in all sectors, including disadvantaged and rural communities.
Greater New Orleans Foundation
The Greater New Orleans Foundation is a philanthropic organization that connects you to a vibrant community of like-minded individuals and provides valuable opportunities to help turn your business dreams into reality. The program is focused on supporting LGBTQ+ small business owners in Louisiana and nearby parishes.
The Greater New Orleans Foundation offers a variety of financial assistance opportunities, including small business grants, to support local businesses and projects. They work closely with government agencies, nonprofit organizations, and education agencies to ensure businesses can access cost-effective and sustainable assistance programs.
The foundation’s ongoing list of small business grants in Louisiana is a valuable resource for entrepreneurs seeking funding to start or expand their businesses. By partnering with the Greater New Orleans Foundation, you can tap into their network and take advantage of their education and assistance programs, setting yourself up for success in the competitive business landscape.
NewCorp
NewCorp understands that funding is crucial for small businesses to thrive. They offer a range of financial resources, including grants, loans, and counseling services, to help you secure the funding you need to start or expand your business.
In addition, the program recognizes the unique struggles and needs of women and minority-owned small to mid-sized businesses in Louisiana. That’s why they provide personalized support and guidance tailored to your specific business goals. Whether you need assistance with business planning, marketing strategies, or operational improvements, NewCorp’s team of experts will help you at every step.
Eligibility Requirements and Application Guidelines for Small Business Grants in Louisiana
Discover the eligibility requirements and application guidelines to secure funding for your Louisiana small business today!
To be eligible for small business grants in Louisiana, you must be a startup or business that didn’t receive any other federal government financial assistance. The grants can be used for various purposes, such as start-up costs, expansion, equipment purchases, rent, inventory, and other bills, including online websites.
Priority is given to women, people of color, minority, and veteran-owned small to mid-sized businesses. Some of these grants are part of the state’s efforts to support small businesses during the pandemic.
To apply, eligible applicants must complete an online application and go through the grant application process, which includes submitting their business plan and financial projections.
How to Find the Right Grant Program for Your Small Business
Don’t miss out on the opportunity to secure funding and support for your Louisiana small business during these challenging times – find the perfect grant program to fuel your success!
Here are four key steps to help you find the right grant program for your small business:
1. Research: Start by conducting thorough research on the available grant programs in Louisiana. Look for programs offered by organizations like the Louisiana Small Business Development Center (LSBDC) and Louisiana Economic Development (LED). Explore their websites, and read about the eligibility requirements, funding amounts, and application guidelines.
2. Determine Eligibility: Once you have a list of potential grant programs, carefully review the eligibility criteria for each. Pay attention to factors such as the industry focus, business size, location, and the specific needs the grant program is designed to address. This will help you narrow down your options and focus on the programs that align with your business’s unique circumstances.
3. Read Reviews and Testimonials: Better To understand the grant program’s effectiveness and impact, seek reviews and testimonials from other small business owners who have received funding through these programs. Their experiences can provide valuable insights into the application process, the level of support provided, and the overall benefits they gained from the grants.
4. Seek Professional Advice: If you’re unsure which grant program best suits your small business, consider seeking advice from professionals such as business counselors, financial advisors, or small business development centers. They can provide guidance based on their expertise and experience, helping you make an informed decision that maximizes your chances of securing the funding and support you need.
Following these steps can increase your chances of finding the right grant program to provide the necessary funding and support to help your Louisiana small business thrive in these challenging times.
Alternative Resources for Small Businesses in Louisiana
Now that you’ve learned about the process of finding the right grant program for your small business let’s explore some alternative resources that can provide support specifically to small businesses in Louisiana.
In addition to the small business grants offered by organizations like the Louisiana Small Business Development Center (LSBDC) and Louisiana Economic Development (LED), there are other avenues you can explore.
Lenders like the Community Bank of Louisiana offer additional PPP loans under the CARES Act, making funding more accessible. Moreover, Louisiana has launched the Recovery Program, which offers up to $40 million in free grants to qualified applicants. Startups and businesses that didn’t receive any other federal government financial assistance are given priority.
By exploring these alternative resources, you can find the necessary support to navigate these challenging times and ensure the success of your small business in Louisiana.
Frequently Asked Questions
Are there any grants specifically available for women-owned businesses in Louisiana?
Yes, there are grants specifically available for women-owned businesses in Louisiana. These grants aim to support and empower women entrepreneurs by providing financial assistance and resources to help them succeed in their ventures.
What resources are available for minority-owned businesses in Louisiana?
As a minority-owned business in Louisiana, you have access to various resources. The Louisiana Minority Supplier Development Council can provide networking opportunities and assistance in obtaining contracts. The Louisiana Economic Development also offers programs and incentives to support minority-owned businesses.
How can small businesses in Louisiana access funding during times of emergency or disaster?
During times of emergency or disaster, small businesses in Louisiana can access funding through various programs such as the Small Business Administration’s Disaster Loan Assistance, Louisiana Economic Development’s Small Business Loan and Guaranty Program, and local community development financial institutions.
Are there any grants or programs specifically designed for start-up businesses in Louisiana?
Yes, there are grants and programs specifically designed for start-up businesses in Louisiana. These resources provide funding, mentorship, and support to help new businesses thrive and succeed in the state.
Conclusion
In conclusion, if you’re a small business owner in Louisiana seeking financial support, the small business grants available in the state can be a lifeline for your business.
These grants are a crucial resource, allowing small businesses to cover expenses such as rent and online websites, helping them survive and thrive in the face of the COVID-19 pandemic. With a deadline set for individual programs, it’s essential to act quickly and apply for these grants to take advantage of this opportunity.
Furthermore, alternative resources are available to support your business if you cannot qualify for the small business grants in Louisiana. Exploring all available resources and finding the right grant program for your specific needs and circumstances is crucial.
By taking advantage of these grants and alternative resources, you can give your small business the financial support it needs to overcome the challenges and contribute to the economic recovery of Louisiana.
Don’t miss out on this opportunity to secure the financial lifeline your business deserves. Act now and apply for these grants to ensure the sustainability and success of your small business.
