List of Indiana Small Business Grants

indiana small business

If you live in Indiana and are looking to become a small business owner, hopefully this article will provide you with what you need. Below are the Indiana Small Business Grants you can get if you are considering starting your own company.

Indiana Grants and you

According to them Web site, the US Grants website shows they have over $13,346,000 in grants and local government funding. As such, the majority of Indiana’s federal budget is allocated to the business sector each year. Keep in mind that this is because all businesses, from small family shops to giant corporations, are important contributors to Indiana’s economic growth. There are 111,972 businesses throughout the state of Indiana.

Business sector

The state’s business sector is broken down by size. Here’s how it works:

  • 61,984 registered businesses have 0 to 4 employees. This includes those who work from home and have self-employment.
  • 20,320 registered enterprises have 5-9 employees.
  • The 10,886 registered businesses have between 10 and 19 employees.
  • The 10,957 registered businesses have between 20 and 99 employees.
  • The 2,932 registered businesses in Indiana have between 100 and 499 employees.
  • More than 2893 registered enterprises have more than 500 employees.

Service sector

This list is a breakdown of Indiana’s business sector, but in relation to their service industry. Here’s how it’s broken down:

  • The 12,997 registered enterprises belong to the following sectors: professional, scientific and technical services sector.
  • The 7,419 registered enterprises belong to the following sectors: administrative sector, support sector, waste management and recovery services.
  • 12,770 registered businesses operate in the following sectors: Accommodation and catering services sector.
  • Over 16,809 registered businesses in Indiana are part of the service industry but do not belong to any of the sectors mentioned above.

Now, if you are a farmer, you are in luck because the farming industry in Indiana can apply for small business grants. Indeed, there are over 61,000 farms in the state.

Grant Difficulties

However, in Indiana, starting and running a small business can be difficult. Indeed, the reason is that over $88,394,198,000 is paid to employees and over 49,310 businesses declare bankruptcy each year. In addition, the federal government itself does not provide public grants to start your own companies.

But some grants in Indiana are given to business owners to start their own businesses, and grant recipients are not required to repay government grants. So, if you are looking to start your own business, Indiana grants are one of the best sources.

So, to apply for a grant in Indiana, contact Indiana financial aid agencies.

Below is a list of Indiana grants that are available for use.

Related Post: Focusing on Your Core Small Business Values


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