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...do you know someone can apply and receive a US grant with the sole purpose of investing that in a business in Mexico?

2007-03-18 11:15:40 · 2 answers · asked by jax2001roger 1 in Business & Finance Small Business

2 answers

There are hardly any grants for starting a business, much less if you will put the money in Mexico. If you are planning to invest in the rural poor of America such as in the American Indian reservations, you may stand a chance in getting a grant but definitely not for a business in Mexico.

Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/mostrequesteditems/CON_FAQ2.html

"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

I guarantee you, you will not find any grant for investing outside the US.

2007-03-18 11:43:37 · answer #1 · answered by imisidro 7 · 0 0

if they can, I am going to apply.

but no. IT would make no sense.

I can help anyone open a biz anywhere inc Mexico but not with a grant.

2007-03-18 11:18:38 · answer #2 · answered by kemperk 7 · 0 0

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