Learn more about the Local, State and Federal government assistance programs and resources to help small businesses grow. https://www.onlinecheck.com/blog/small-business-resources/how-government-can-help-small-businesses-grow/
2. 2
There is a common assumption that the government restrains small
businesses when it actually does considerably to help encourage
business activity. Most small businesses have mixed feelings about the
government. Some require assistance from it, while some do not want
interference from it. Helping small businesses start and grow is a win-
win situation for the government.
While starting and running a small business, there’s all that official
procedures you have to follow like permits, business taxes, verifying
employees, compliance with laws and regulations, and so much more.
Despite such regulations and hurdles, the government is still supporting
small businesses to foster growth. Here’s how local, state, and federal
government can help your small business grow.
3. 3
the abacus or
activity of athering
information about
consumers' needs
and preferences
Local Government
Local government takes direct
actions to assist small
businesses in their area, like
offering low-interest business
loans to help them make
essential upgrades and
expansion, foster energy
efficiency, and more. In order
to see the availability and types
of assistance services in your
area, check with your local
government office.
www.onlinecheck.com
4. 4
There are local Small Business Administration (SBA) offices that are
resources from the U.S. government to help small businesses thrive.
You can look for their offices on the SBA website and get help on
applicable business laws, counseling, training, access to a variety of
resources, and guidance on matters like local incubators, financing
programs, and networking events. The SBA provides support via
different programs including The Small Business Development
Centers, Women Business Ownership, Entrepreneurship
Education, SCORE, Native American Affairs and the Small Business
Training Network.
5. 5
Every state has its own laws and regulations with one thing in common: a special interest in helping
small businesses grow and succeed. New York State also offers resources similar to the SBA,
including the lending programs and financial resources for minority-owned and women-owned
businesses, technical assistance programs for businesses such as Business Mentor NY,
Entrepreneurship Assistance Centers, New York Manufacturing Extension Partnership, Procurement
Assistance Program, NYS-Certified Business Incubator, and Innovation Hot Spot Program. They also
work with lenders throughout the state to ease the availability and fundability of working capital loans to
small businesses.
Moreover, your local or state government can also become your client – giving you more business and
growth opportunities. For that, you need to research your state’s contracting practices and check out for
new proposal requests. If you want to become a government contractor, learn more here.
State Government
www.onlinecheck.com
6. 6
The federal government is always supporting small businesses and in
certain cases, they’ve put their money behind it. Many federal
government programs aimed at helping small businesses from the
Startup America Partnership to the SBA Entrepreneurial Mentor
Corps and the IRS Virtual Small Business Workshop. For a
comprehensive list of resources, click here.
Federal
Government
7. 7
the abacus or
activity of athering
information about
consumers' needs
and preferences
In addition, there are federal departments
that provide guidance in their areas of
expertise to small businesses such as
the Department of Agriculture provide
useful insights to U.S. agriculture and
reliable reference on agricultural
production, supplies, consumption, costs,
etc. The U.S. Patent and Trademark
Office is responsible for granting U.S.
patents and registering trademarks and
provides support on export regulations,
R&D grants, or tax incentive programs.
You can also get detailed market research
from the U.S. Census data – serving as
the best marketing research in the nation.
For a comprehensive list of federal
government resources, click here
www.onlinecheck.com
8. 8
The Bottom Line
It’s worth considering the resources and
assistance programs the government provides
to help small business owners. However, you
are going to spend time on those permits,
taxes, and compliance, so you may as well get
some benefits in exchange.