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	<h1>Chapter 2.1</h1>
	<h2>Types of Grants</h2>
    <p>The first step in your grant research process for business funding is to determine the type of grant that matches your specifications.</p>
    	<ul>
        	<li><strong>Start-up Grants</strong> provide initial support for your project. These grants, also known as "seed money" or "program development" grants, support new projects and help programs get off the ground. Start-up grants can attract additional funding by showing other possible funders that you already have as a base of support. Start-up grantors expect additional funding for your project to be derived from other sources.</li>
        	<li><strong>Project Grants</strong> provide funding for specific projects for fixed periods of time. Grants of this type include those for training, research, evaluation, planning, construction, or other specified purposes. </li>
        	<li><strong>Formula Grants</strong> are based on mathematical or statistical formulas that are associated with legal requirements. Grantseekers must ensure that their organization meets the statistical formula requirements of the grantor. For example, the statistical requirement can be income level, as it pertains to eligibility for such opportunities as affordable housing and first-time home buyer opportunities. </li>
        	<li><strong>Discretionary Grants</strong> are those in which the funding source selects the grant proposal that best matches its requirements and criteria, and has convinced the officials of the funding source that it has found the right match. These grants are discretionary and highly competitive, and most of the grants discussed herein are of this type. </li>
        	<li><strong>Research Grants</strong> support research or study on a particular issue. Grantors often award them through sponsoring institutions such as universities and hospitals Individual researchers, such as university faculty members, rely on their professional affiliation or sponsorship to provide facilities and pay for research assistants while the professors conduct their research. Federal agencies that award such grants are the National Institute of Health (NIH), U.S. Department of Agriculture (USDA), and the National Science Foundation (NSF). </li>
        	<li><strong>Specified-Use Grants</strong> are intended to support a particular activity for specific uses, and grant recipients must engage in only the specified activity in order to receive the grant payments. Most of the grants discussed herein are specified-use grants. </li>
        	<li><strong>Unrestricted Use Grants place no restrictions on how the recipients of the grant spend the funds.</li>
        </ul>

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