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- A grant is a financial award given by a federal, state, or local government authority for a beneficial project1234. It is a way the government funds your ideas and projects to provide public services and stimulate the economy2. Grants do not need to be paid back3. The grant process follows a linear lifecycle that includes creating the funding opportunity, applying, making award decisions, and successfully implementing the award5. Federal grants go through three main phases: pre-award, award, and post-award4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A government grant is a financial award given by a federal, state, or local government authority for a beneficial project. It is effectively a transfer payment. A grant does not include technical assistance or other financial assistance, such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing.www.investopedia.com/terms/g/government-grant.…A grant is a way the government funds your ideas and projects to provide public services and stimulate the economy. Grants support critical recovery initiatives, innovative research, and many other programs listed in the Catalog of Federal Domestic Assistance (CFDA). A grant is one of many different forms of federal financial assistance.www.grants.gov/learn-grants/grants-101.htmlA grant is a gift to an individual or company that does not need to be paid back. Grants usually involve a three-phase lifecycle: pre-award, award, and post-award. The five main grant types for small businesses are federal, state or regional, corporate, specialty, and startup.www.investopedia.com/terms/g/grant.aspA government grant is tax-funded money allocated to projects that serve a public purpose. Legislation determines each grant's funding amount, the types of projects it will fund, and the terms of each grant. So, how do government grants work? Federal grants go through three main phases: pre-award, award, and post-award.www.instrumentl.com/blog/how-do-government-gra…The grant process follows a linear lifecycle that includes creating the funding opportunity, applying, making award decisions, and successfully implementing the award. The specific actions along the lifecycle are grouped into three main phases.www.grants.gov/learn-grants/grants-101/the-grant-li…
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Pre-Award Phase
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Post Award Phase
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