The Productivity Solutions Grant is an award which supports businesses and enterprises seeking to implement new equipment and technology to improve their daily operations. The Productivity Solutions Grant is a Federal award that is provided by the Federal Trade Commission in the form of a five year contract. The grant covers research and development expenses, costs associated with implementing new equipment or processes, and fees for any textbooks or training provided to the applicant. This award pays a percentage of the costs that are assessed for each of the six classes of business that are identified. These classes are: residential, non-residential, service, manufacturing and information technology.
When applying for the Productivity Solutions Grant you will be required to provide documentary evidence of your business and what it does. These types of business grants are very competitive and you may be required to submit many documents before being considered for the grant. The application process for the Productivity Solutions Grant can take anywhere between one to four weeks. The application is usually completed online and many applicants find that they are granted much faster than they anticipated.
There are many other types of federal business grants which are available to businesses wishing to go digital. The Productivity Solutions Grant is designed to provide small businesses with the money they need to become more productive and help America grow again. Businesses are eligible to apply for this program if they can demonstrate how a digital solution will improve one or more areas of their business or how they will help the community. The Productivity Solutions Grant is the perfect solution for small businesses in need.