Government grants are financial awards given by federal, state, or local government agencies to individuals, organizations, or businesses to fund specific projects or initiatives. Unlike loans, grants do not require repayment and are typically awarded based on the merit of the proposal submitted by the recipient. They are often aimed at promoting social, economic, educational, or scientific development and can be used for various purposes, including research, public services, community development, or business expansion. Eligibility criteria and application processes vary by grant program, and funds may be distributed through competitive applications, requests for proposals (RFPs), or other mechanisms. Government grants are intended to support initiatives that align with public policy goals and address pressing societal needs.
In a surprising twist, a federal judge has temporarily blocked Donald Trump's freeze on federal grant funding, creating a glimmer of hope for countless organizations relying on this vital financial…