Unlike loans, grants are sources of capital that do not have to be repaid; however, grants are limited and often come with a number of eligibility requirements and stipulations. The federal government does not provide general grant money for establishing or growing a business, but there are additional sources of grant funds that may be available from:
- State and local governments
- Non-profit agencies
- Charitable foundations
In addition to Innovate ND, the state of North Dakota offers many programs that support business growth in targeted industries.