While the federal government does not provide grants for starting or growing small businesses, it does provide a myriad of services to assist entrepreneurs in pursuit of their dreams. One of the mechanisms in place to promote small business growth and economic development are Community Development Financial Institutions.
The U.S Small Business Administration supports both the Small Business Development Center Program and SCORE to provide management assistance to current and prospective small business owners. These programs offer one-stop assistance to individuals and small businesses by providing a wide variety of information and guidance in central and easily accessible branch locations.
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.
In partnership with the Unreasonable Group, the Nike Foundation is set to launch the Girl Effect Accelerator this November to help social entrepreneurs whose business startups focus on helping economically disadvantaged adolescent girls.