Federal Grant Lays Foundation For Life After Wall Street

For nearly twenty years, Bill Morgan worked on Wall Street. Then, the bottom fell out of the stock market, and Bill lost both his Wall Street job and his desire to find another job in finance. "I was fed-up with the whole mess," Morgan growls, "and I knew I would never again see this kind of golden opportunity to fulfill my lifelong ambition." Bill stopped sending-out his resume and going out for interviews; he put all his fancy suits in storage, and he got out his tools.


Bill applied for and won a federal grant to start his own watchmaker's shop.


Morgan had learned the watchmaker's trade as a child, working side-by-side with his grandfather, mastering the art and craft of it. When he accepted his job on Wall Street, Morgan had promised he would save enough to open his own shop, fulfilling his lifelong desire, making a living from his passion and precision. When Wall Street collapsed, Bill Morgan found the alternative path to fulfillment.
What had remained his lifelong dream and his sometimes hobby became Bill Morgan's full-time job; and his full-time passion for the work assures a steady stream of customers. "The rest, as they say, is history," Bill smiles, satisfied he made exactly the right choice.


Feds send message: "Dreams financed here."


Since Congress passed The Economic Recovery Act of 2009, thousands of people just like Bill-and just like you-have capitalized on unprecedented opportunities to fulfill their life's ambitions with the federal government's support.


The initiative grows from economists' and politicians' recognition the majority of American economic growth and recovery will come from the private sector, and new small businesses will drive it. Whereas most pundits agree with the president of General Electric, who insists, "We must return to making things instead of just selling them," they also agree that small and medium enterprises will lay the foundation for recovery of America's manufacturing base. "Small businesses are more nimble, more adaptable, and far more in tune with the market's demands," Morgan echoes the experts. "A watch cart in the shopping mall cannot rebuild your father's heirloom Rolex, but I can. I fill a need and a niche."


Contrary to popular internet rumors and website scams, the government does not promise grants specifically for debt relief. President Obama will not write you a handsome check to bail you out of your personal financial quagmire. The government does, however, support proposals for promising enterprises-everything from recovery of time-honored crafts threatened by extinction to state-of-the-art technological experiments. If your dreams live in a niche where the market remains wide open, the federal government will pay your start-up costs and generally support you until your business gets into the black.


Relatively simple application processes


If you would like to follow Bill's "sterling" example, you will discover the process is relatively simple: You can request all the information you need from government websites, and many of the sites also provide examples of successful proposals and technical assistance with preparation of your own proposal.


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