Last Updated on August 23, 2023 by Hannah Stevens
The federal government spends more than $19 185.00 million dollars annually in grants and local funding sources of $12 953.00 million dollars. This is because small and large businesses are the backbone of economic growth in Georgia. Georgia has 171,747 businesses. These establishments are broken down into the following:
Georgia Business Sector Breakdown by Size:
- 104,423 businesses in Georgia have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
- 27,646 businesses in Georgia have between 5 and 9 employees.
- 17,078 businesses in Georgia have between 10 and 19 employees.
- 14,693 businesses in Georgia have between 20 and 99 employees.
- 4,024 businesses in Georgia have between 100 and 499 employees.
- Over 3,883 businesses in Georgia have more than 500 employees
Georgia Business Sector Breakdown in Service Industries:
- The Professional, Scientific and Technical Services sector have 27,908 Georgia Businesses under its registry
- The Administrative, Support, Waste Management, and Remediation Services sector have 12,495 Georgia Businesses under its registry
- The Accommodation and Food Services sector have 18,770 Georgia Businesses under its registry
- Georgia has more than 20,869 registered companies. They are service-oriented businesses that are not yet included in the above categories.
You may also be eligible for grants for small businesses if you work in the agriculture industry. Georgia has more than 48,000 farms.
Small Businesses in Georgia
It is difficult to start and manage a small business here. In Georgia, more than $136,632,000,000.00 US Dollars are spent on employee salaries/payroll. Every year, over 77,809 companies declare bankruptcy. The federal government doesn’t provide grants to entrepreneurs for expanding or starting a business. However, small business grants can be granted in Georgia to help business owners start and grow their ventures. Grant recipients don’t have to repay the grant funding. It is worth looking into small business grants to help fund your business.
Contact Georgia to apply for grants for businesses Georgia financial aid agencies .
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: