Nowadays, one does not have to go through rough times trying to determine the source of capital to boost his/her business. There are grants that are available for the businesses and they are being provided by the government and one of them is the Aboriginal business grants. These grants are accorded to the people from the aboriginal origins or rather decent. However, this is not a limitation to those businesses that offer services that aim the Aboriginal people. These businesses are also covered by these grants.
The grants are a form of financial assistance to the businesses from the government. In this article, steps on how one can apply for the Aboriginal business grants will be highlighted in order to enlighten the population.
Instructions on how to apply for the Aboriginal business grants
In order for one’s business to qualify for the Aboriginal business grants, one has to ensure that his/her business takes part in the teaching and recording of the North South Wales Aboriginal languages. Moreover, the business has to be involved in the provision of community services. In other words, the business has to serve in partnership with an Aboriginal community organization. The next step involved completing a form with information pertaining the business, such as the business name, contact information and email address.
Furthermore, the type of business has to be indicated and this is based on the activities that the business carries out. There are more elements that need to be included in the application, such as the anticipated community benefits that will be derived from the business, the amount of the Aboriginal business grants that the business is in need of and the start and completion of the project. Under no circumstance can an agreement be done verbally, but instead it has to be in written documents. The business with the grant program administrator will draft a funding agreement.
Additional information on the steps to be followed
A tracking system on the performance of the project has to be created. This will cover the start of the project up to completion. Reports have to be submitted to the grant department on a three quarterly basis. The final report will be submitted once the project comes to completion and this entails all the relevant information on the entire project, especially on its performance. It is mandatory for the business to submit the reports to the grants department to avoid losing the Aboriginal business grants.
Conclusion on what ought to be followed
In conclusion, there are certain things that the business needs to observe in order to foster smooth running of the project and not conflicting with the grants department. The final project documents need to be kept by the business as well as the videos, CDs and any other relevant material. Lastly, there are different grants for Aboriginal businesses, thus one has to make a decision on which he/she is interested. This is why it is essential that one includes the type of his/her business in the application.