The objective of federal grants is to strengthen America and its people. The main goals are economic development, strengthening the work force of America and providing a stable and strong economic infrastructure. Now President Bush has made its details available in a single website, providing a one-stop opportunity to apply for grants.

The federal grants are given through 26 federal agencies. There are 15 different ways of getting federal grants and hundreds of local and state agencies that disburse the grants.

The different ways the Federal grants are given are as follows:

1. Formula Grants: These grants are not given for any specific need. You can get a grant for a small business through a formula grant scheme. And the most attractive part is that you need not pay it back.

2. Project Grants Given for Free are given for a specific need and there is specific time frame for it. These grants include fellowships grants, scholarship grants, research grants, training, traineeships, experimental and demonstration, evaluation, planning, technical assistance, survey and constructions.

3. Direct Payments for Specified Use grants are given directly to individuals, private firms, and other private organizations to support an activity by someone with a specific goal.

4. Direct Payments with Unrestricted Use Free federal grants are given to eligible persons and there are no restrictions on spending the money. Benefits like retirement, pension and compensation programs come under these types of loans.

5. Direct Loans from the federal government are the other type. These are granted for a specific time period and many of them do not charge interest.

6. Guaranteed/Insured Loans Programs are meant to help lenders against defaults by those responsible for repayment of loans. The Federal government itself makes an arrangement to identify a lender.

7. Insurance Free grants give financial assistance to guarantee reimbursement for losses sustained under specified conditions. These grants are given directly by the government or through agencies. The beneficiary sometimes gets the benefit of non-payment of premium.

8. Sale, Exchange, or Donation of Property and Goods Programs provide for the sale, exchange, or donation of Federal real property, personal property, commodities, and other goods including land, buildings, equipment, food and drugs.

9. Use of Property, Facilities, and Equipment Programs provide for the loan of, use of, or access to Federal facilities or property wherein the federally owned facilities or property do not remain in the possession of the recipient of the assistance.

10. Provision of Specialized Services Programs help Federal personnel perform certain tasks for the benefit of communities or individuals.

11. Advisory Services and Counseling Programs which Federal specialists to consult, advise, or counsel communities or individuals to include conferences, workshops, or personal contacts.

12. Dissemination of Technical Information Programs provide for the publication and distribution of information or data, frequently through clearinghouses or libraries. This does not include conventional public information services designed for general public consumption.

13. Training Federal Grants for programs provide instructional activities conducted directly by a US government grants agency for individuals not employed by the Federal government.

14. Investigation of Complaints US government grants agency activities are initiated in response to requests, either formal or informal, to examine or investigate claims of violations of Federal statutes, policies, or procedure. The origination of such claims must come from outside the Federal government.

15. Federal Employment Programs reflect the government-wide responsibilities of the Office of Personnel Management in the recruitment and hiring of Federal civilian agency personnel.

These US government grants gives money for small businesses and individuals with an objective to strengthen America.