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A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
A Federal agency may exceed these minimum percentages. [4] In 2010, the SBIR program across 11 federal agencies provided over $2 Billion in grants and contracts to small U.S. businesses for research in innovation leading to commercialization. As of February 2018, SBIR programs are in place at the following agencies: [5]
The GSA achieves these tasks by maintaining the Federal assistance information database, which incorporates all federal agency programs that provide grants and awards to recipients. The Office of Management and Budget (OMB) assists the GSA in maintaining the database by serving as an intermediary agent between the Federal agencies and GSA.
The Small Business Administration released its annual scorecard measuring how well federal agencies meet their small business contracting goals each year. Overall, the federal government has a goal to award 23% of contracts to small businesses. In fiscal 2023, 28.4% of contracts were awarded to small businesses, amounting to $178.6 billion. It ...
Federal grants can be a huge boost for small businesses. The Small Business Administration released its annual scorecard measuring how well federal agencies meet their small business contracting ...
The SBIR and STTR programs provide early-stage, high-risk funding to small businesses that conduct Federal Research/Research and Development (R/R&D). Grants come from eleven federal agencies that ...