If you're the owner of a small business, and you partnered with a non-profit institution with the aim of fostering economic development, you may be a good candidate for the government grants aimed at debt relief. The federal government reserves some of their funding for federal research. This kind of grant may be awarded to you as long as you're eligible.

Are you familiar with the STTR program? Government grants amounting to $100,000 are usually given every year while the awards that are issued every 2 years can amount to $750,000. During the proposal, you don't have to be an established business yet but before the award is given, you should be organized already.

This program is available to small businesses only with less than 500 employees. Before you can propose for the $750,000 grant, you will need to pass for the $100,000 grant first. Determine the involved agencies with the program so that you can already make your proposal. You can even consult an expert if you want to.

Among the agencies that you can consult for solicitation are Department of Energy, Department of Defense, National Science Foundation, Department of Health & Human Services, and National Aeronautics & Space Administration. Still, the primary grantee will be the small business. The work will be divided between the agency and the small business.

You should be aware that the STTR program is highly competitive. Since the amount of the grant is quite large, the federal government is also expecting exceptional proposals that can help in economic advancement. If you think that your small business can handle the work, why don't you give it a shot? Create a convincing proposal through creativity and enhanced knowledge.

You have nothing to lose because you will simply submit an application. Come up with a great proposal that will have a lower chance of being disapproved. Consult the agencies mentioned earlier for the solicitation so that your proposal for the government grants aimed at debt relief can be approved. Gather enough knowledge about this program so that you will know what to once you decide to push through with the grant application.