Grants, loans and capital investments can provide a crucial boost to a young business, but not every region provides the same level of support. Find out if your state is a good place for entrepreneurs to find the backing they need. In today’s economic climate, even the most experienced entrepreneurs might need a helping hand. But although federal stimulus funding has been used to support ailing automakers and banks, small businesses and startups have had a more difficult time obtaining public funds or loans for their enterprises. Fortunately, conditions tend to be better on a regional level, with many states providing benefits and favorable lending practices to encourage local entrepreneurship.”Things are a bit rosier at the state level,” Forbes.com explains. “Many states offer incentives for entrepreneurs to put roots down and create jobs. Grants, loans, equity capital: It’s all out there if you know where to look. Some of the best programs have been operating for more than two decades and, collectively, have doled out billions of dollars.”
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