Stimulus Grants for Individuals

By Scott Vicks

Stimulus grants are currently being awarded at the state, local, and national level. These grants were earmarked by congress to help revive the struggling economy. Stimulus grants are similar to regular grants but are funded with the emergency money budgeted by congress. Recovery money means that there is much more money being given out through the federal grant program than ever before.

The stimulus money is being spent on many different things. Significant portions of funding is going to help mortgage holders who are at risk of default. Many state and local governments are also getting money to help deal with the economic slowdown. Some of the money is also being used to help the unemployed with extended benefits and insurance options.

There are over twenty agencies that run and administer the federal grant program. In addition to awarding grant money this year many of these agencies are also responsible for awarding stimulus money.The Department of Education, NASA, and Treasury Department are all agencies that are involved with the grant program. Grant program guidelines are written and enforced by the agencies themselves. They are the best resource if you have questions about a specific stimulus grant or are interested in what is available.

Grants can either be open to for profit businesses and enterprises, non profit charitable organizations, or individuals and sole proprietorships. Different grant programs have different requirements and some exclude certain groups while others are available to anyone. They grant eligibility category can make it easier to sort through the thousands of ongoing grant programs.

Schools, hospitals, and other charitable organizations are eligible to apply for grants programs intended for non profit groups. These organizations do not attempt to make any money and so are legible for many awards that are not open to other groups. Many of these groups have been struggling recently and are in need of stimulus money.

Individuals are eligible for a number of popular grant programs. Stimulus grants are available for people to assist with many activities including school, training, and employment. - 29971

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