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Construction Business Grants: How To Get Funding For Your Construction Business
If you own a construction business, grants and funding options can provide the financial support needed to launch or expand your business, purchase or upgrade equipment, take on larger projects, hire skilled workers, and gain an edge in the construction industry. Business grants are an attractive alternative to traditional loans, providing much-needed capital. At American Funding Group, we help businesses across the US obtain these valuable grants, enabling growth and success.
Benefits of Business Grants for Construction Businesses
Construction grants are typically used to fund large-scale projects such as building new facilities, renovating existing structures, restoring historical buildings, or enhancing infrastructure. The primary purpose of construction grants is to facilitate community development, promote sustainability, and stimulate economic growth in specific areas.
Business grants provide many advantages, including:
Access to Capital: Grants provide essential capital that can be used for various projects, including purchasing new equipment, securing working capital, covering operational costs, or expanding your facility.
Equipment and technology upgrades: Grant funds can be used to purchase new equipment or invest in cutting-edge technologies like artificial intelligence and IoT, improving productivity.
No Repayment Required: Grants provide non-repayable funds, allowing construction businesses to invest in growth without incurring debt.
Workforce development: Grants can support hiring skilled workers, expanding the team, and investing in employee training programs.
Support for specific goals: Some grants are tailored to particular objectives, such as economic recovery, infrastructure development, or community improvement projects.
Project expansion opportunities: With grant funding, construction businesses can confidently bid on and undertake larger, more complex projects.
Community Impact: Retail business grants can positively impact local communities by supporting job creation.
Whether you are an aspiring store owner or an established operator looking to expand, securing business grants can be a game-changer for your venture.
Types of Construction Businesses That Can Quality for Business Grants
The construction industry is a major contributor to the U.S. economy, accounting for 4.5% of the nation's GDP in 2024 and generating $2.2 trillion in total annual spending. With over 8.2 million employees and 3.7 million businesses, the sector plays a major role in job creation and economic growth across the country. From stunning skyscrapers to cozy homes, construction professionals transform visions into reality, shaping the landscapes of our communities.
Types of construction-related businesses that can qualify for grants include:
General contractors
Specialty contractors
Construction management firms
Real estate developers
Architecture firms
Engineering services
Heavy civil construction companies
Residential builders
Renovation contractors
Equipment rental companies
Small construction firms
Disadvantaged business enterprises
Women-owned construction companies
Minority-owned construction businesses
Sustainable or green construction companies
Local small-scale contractors
Innovative construction technology firms
Disaster recovery specialists
Rural construction businesses
Construction Business Business Grants
Below are just a few of the initiatives that offer business grants for construction businesses:
SBA 8(a) Business Development Program: Designed for minority-owned and socially disadvantaged businesses, this program offers grants, mentoring, and access to government contracts.
Galaxy Grant: Up to $2,750 grants for women, individuals of color, and entrepreneurs from low-income backgrounds.
National Association for the Self-Employed (NASE): Up to $4,000 grants for small businesses with potential for growth.
FedEx Small Business Grant Contest: Awards up to $50,000 to small businesses, along with FedEx shipping credits and print services.
American Express® Backing Small Businesses: In partnership with American Express, the Backing Small Businesses grant program small businesses with community reach and/or cultural significance.
Rural Business Development Grants: Rural Business Development Grant money must be used for projects that benefit rural areas or towns outside the urbanized periphery of any city with a population of 50,000 or more.
US Black Chambers: Offers $5,000 grants for Black-owned businesses.
Minority Business Development Agency: The U.S. The Department of Commerce's MBDA offers assistance and potentially grants for minority-owned businesses, which could include construction companies.
Veteran-Owned Business Opportunities: The Department of Veterans Affairs offers grants and resources for veterans looking to start a business.
Women's Business Centers (WBCs) Grants: Financial assistance for women-owned businesses or those primarily serving women.
HerRise Micro Grants: The HerRise MicroGrant offers financial support to innovative women who struggle to secure funding for their community-impacting small businesses.
Community Development Block Grants (CDBG): These support various construction projects, including street improvements, public facilities construction, and housing rehabilitation.
CDBG Entitlement Program: Supports construction of public facilities and improvements, such as water and sewer facilities, streets, and neighborhood centers.
Grants for Minority-Owned Construction Businesses
Numerous foundations and non-profit organizations offer grants to minority entrepreneurs in the c-store industry. These include grants for:
» African American-owned businesses
» Hispanic and Latino-owned businesses
» Asian American-owned businesses
» Native American and Alaska Native-owned businesses
» Pacific Islander-owned businesses
» Women-owned businesses
» Veteran-owned businesses
» Disabled-owned businesses
Requirements for Construction Businesses Looking For Grants
If you search “How to qualify for a convenience store grant,” you may find that the requirements range widely. At American Funding Group, we have streamlined the requirements to create a straightforward application process for you:
» You must be a business owner in the United States
» You must have an active LLC, S-Corp, or S-Corp and an Employer Identification Number (EIN)
» You will be able to fill out one form with American Funding Group and answer 30+ questions to be paired with our best grant.
States We Serve
Business grants are available for businesses from every state throughout the U.S. Some business grants are county-specific, and aligned with the goals of local communities and economic development. Other grants are available regardless of the county in which your business is located. We have helped clients from all over the nation apply for grants and obtain funding:
Alabama
Alaska
Arizona
Arkansas
Colorado
Connecticut
Delaware
Hawaii
Idaho
IndianaIowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Dakota
Ohio
Oklahoma
Oregon
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
How American Funding Group Helps construction businesses Get Grants
Navigating the world of grant applications while also running your business can be complicated. At American Funding Group, we specialize in helping businesses identify and secure the grants they need. Here's how we support businesses through the process:
✓ You fill out a single application form on our website.
✓ Our system searches 7,000 grants
✓ Auto-apply for grants every month with our portal
✓ Grants are provided and distributed by private and federally-funded institutions listed on:
https://a4cb.org/services/grants
https://www.decaturedc.com/b2b
✓ The average industry approval rate is anywhere between 20 to 30 percent depending upon on the company.
✓ Once your grant is approved, it may take the grantor who approved it 30 to 90 days to distribute the funds to you.
Apply For Grant Funding Today
Grants offer a unique and valuable opportunity for business owners to access the funding they need to grow and succeed. At American Funding Group, we simplify the grant application process for you, to help you secure funding and drive your business forward. Tap into your business's potential with American Funding Group and take the first step to apply for a business grant today.
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