With all the new government incentives available, the possibilities are nearly endless. With the recent passage and signing into law of The American Recovery and Reinvestment Act of 2009 and the opportunity is here for all entrepreneurs. The government has given all entrepreneurs an exciting opportunity to capitalize on funds that will create and preserve jobs, stimulate investment and build communities. Types of government incentives include:
Grants: This type of funding is given to you - with no repayment required. There are eligibility requirements, of course, but the money is free, to use as directed.
Loans: There are two main types of government loans: loans funded with government dollars and loans funded by lending institutions, but insured or guaranteed by the government.
A government subsidy is not quite a grant. It is government money used to help people pay their government loans or rent.
Whether you want to start or expand your own business; take advantage of government grants and loans; find money to go back to school or just explore your professional options, you’ve come to the right place. This experience will serve as a valuable stepping stone to help you get to the next stage in your professional life.
This is a time of transition for our country. Some of the ways that we used to do business are no longer important or have ceased to exist. It is innovators like you, people who see a need for a particular business, and find a way to fill that need, who are going to find the greatest success in this business climate.
Change is the only constant we can count on. The days of the "company man" or "company woman" are gone. In fact, change is the word that best describes the current and future career landscape. The U.S. Department of Labor estimates that people graduating from college in the coming years will have 10 to 14 jobs by the age of 38! And the top 10 in-demand jobs in 2010 will not even have existed less than 10 years ago.
Your skills and reputation as an entrepreneur will be the true constant in these changing times, where you must constantly demonstrate your value. Having the knowledge, skills and ambition will enable you to attract opportunities that align with your passions and strengths. It will ensure that you will have a career that is both rewarding and successful.
The federal government has reacted to these evolving economic conditions and understands that there is a need to accommodate change. With the passing of the American Recovery and Reinvestment Act of 2009, the administration sent a clear message that it would like citizens to play a leading role in the economic recovery.
A direct response to the economic crisis, the Recovery Act has three immediate goals:
â€¢ Create new jobs and save existing ones
â€¢ Spur economic activity and invest in long-term growth
â€¢ Foster unprecedented levels of accountability and transparency in government spending
The Recovery Act intends to achieve those goals by:
â€¢ Providing $288 billion in tax cuts and benefits for millions of working
families and businesses. All the data is posted on www.recovery.gov so the public can track the Recovery funds.
â€¢ Increasing federal funds for education and health care as well as entitlement programs (such as extending unemployment benefits) by $224 billion
â€¢ Making $275 billion available for federal contracts, grants and loans
â€¢ Requiring recipients of Recovery funds to report quarterly on how they are using the money.
What does all this mean to you, the entrepreneur? It means that now is the best time in US history to find money for your business and contract opportunities.
As the Recovery Act crossed the one year mark on February 13, 2010, newspaper editorial boards across the country took a good, hard look at the program and weighed in on its impact. It is clear that consensus is growing that the Recovery Act has pulled us back from the brink of economic disaster and is working to create jobs and drive economic growth.
In addition to editorial boards all over the US applauding the Act, many independent financial experts have also weighed in on the positive effects of the Recovery Act.
Who are these people who are being awarded the lucrative government contracts to accomplish this important work? They are people just like you. People who are confident, who want to succeed and have pursued their ideas as well as the funding to accomplish those goals.
Our experts have been helping individuals, business owners and investors get available money from the government for years. The Entrepreneur's Passport to Success Program will teach you how to craft a business or financial investment plan that aligns with what government policies indicate. By learning how to effectively create a plan the government wants and learning how to correctly submit that plan, you will have the opportunity to tap into additional funding and local resources to advance your business and real estate investments. The money is out there. We help you get what you need before it's gone.
Now it's your turn! Ask questions, then go out and put your knowledge to work because we need you!