The federal stimulus package that was passed in order to boost the economy will release $800 billion into the U.S. economy in specified increments. The Obama Grant Money website explains that many scams and misinterpretations have surfaced about the free grant stimulus money. The money is designated for businesses and not individual people. Any business that wants to be considered to receive free grant stimulus money should complete the official application form for the category of business the is owned. The application process is straightforward and relatively short, although receiving a response will take some time.
Log on to the Internet and use a reputable search engine in order to locate detailed information about the stimulus package and what money is still avaliable. The Goverment Grant website explains that businesses are classified according to categories. Examples of business categories include transportation, medicine, science, education, health, arts, energy, agriculture, humanities, and law.
Search the categories in order to determine how the specific business is classified. Once the direct classification is known, more information can be gathered about particular grants and free stimulus money that has been designated for use by businesses within the category.
Apply for grants directly through the Government Grant website. The Government Recovery website explains that stimulus money is intended to be a form of financial assistance for U.S. businesses. The public business or project must be certified under federal law in order to receive stimulus money.
Locate the correct category and confirm that the business is eligible to apply for stimulus money. The Government Recovery website explains that federal certified businesses that are eligible to apply include government and education organizations, for-profit and non-profit organizations, and small businesses.
Organize and obtain the necessary information before completing the free grant stimulus money application. The Government Recovery website explains that applicant must provide a mission statement, references, a list of accomplishments, a DUNS number, and proof of registration with the Central Contractor Registration. The DUNS number is a nine-digit number that is assigned to each location of a business in regards to federal government contractors and grantees.
Complete the application and submit it online through the Government Grants website. The status of the application can be checked on the website by providing the CFDA number, the Funding Opportunity number, the Competition I.D., or the Grants.gov tracking number.
Before a business owner completes and application form, the validity of the form should be checked in order to avoid scams. Applying for a grant through a government website is always advisable.
Shannon Johnson has been a freelance writer since 2008, specializing in health and organic and green-living topics. She practiced law for five years before moving on to work in higher education. She writes about what she lives on a daily basis.