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Nov 19, 2017
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5 Tips on State and Local Funding
  1. Don�t overlook city, county or state governments when you seek capital. Many economic development offices have funding-assistance programs for qualified small firms.

  2. Understand the purpose and the requirements of the program you�re interested in. It may call for raising matching funds or creating jobs.

  3. Be modest in making projections. For example, don�t inflate the number of jobs you think you can generate in hopes of getting a larger grant.

  4. Take advantage of �in-kind� credits. Like cash, these can be used as matching funds. In one case, a state program counted a company�s $200,000 local property tax abatement as part of the matching requirement.

  5. Remember that having a good business plan and strong management team in place will help you make your case.

Brought to you by SCORE "Counselors to America's Small Business."


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