The Transportation and Logistics industry in the U.S. is an essential part of the economy. However, the recent global economic downturn has taken its toll on the transportation industry. The logistics industry in the United States, according to Statista, is a highly integrated supply chain network that links producers and consumers through multiple transportation modes, and one which total revenue is $791.7 billion.
This is no doubt, a relatively competitive revenue-generating industry that generates employment opportunities and economic growth for both the major players in the industry and those that are employed within the space. For new business owners in the transportation industry, especially those that are starting out in the transportation industry, the need for funding is enormous. Starting any business requires that you have adequate financial backing, as you need the capital to be able to keep your business running. The transportation industry is no different.
When it comes to sourcing grants for the transportation business, there are available grants to help with getting your business started or to help grow an existing one. It is our mission to help you connect with grants that you can apply for to help you start that trucking business that you dream of. What you should remember when it comes to applying for grants is that grants can be quite competitive, and know-how to navigate the grant process can help get ahead successfully.
Transportation Grants for Individuals
For individuals who are starting their business as a truck driver, or employing truckers, then finding the right grant is the big thing on your mind. However, before you begin your application journey, the important thing to remember is to ensure that you meet the grant eligibility criteria before you begin. Once you have established that you meet the criteria listed on the grant application, then having a decent business plan, outlining your business partnerships and other relevant information can be very helpful.
When you finally have checked the boxes for your ideal grant, then the next step is to explore the grant options that you have in the transportation industry. Grants are largely limited, however, knowing just how to go about the grant application process can help you make all the difference that you need to have a great time. The steps involved in the grant program should be followed accordingly, and when there is a need for clarity, reaching out can be helpful in rectifying the situation that you may be facing.
The PATHH Truckers’ Grant Program
The USDA’s Farm Service Agency has partnered with PATHH to open applications Loggers and truckers will make it easy for truckers and those who own trucking businesses to be able to apply for the PATHH grant program by simply applying online, or having to send in their application by mail. The Farm Service Agency office at their local USDA Service Center will be open to accepting applications via mail, fax, hand delivery, or electronic means.
This grant is quite competitive, just like most grants are. However, if you have all of your requirements met, then applying for the grant can help you start your truck business or grow one you already have. For those who are just starting out, or new to grant applications, but not sure of how to go about applying, reaching out to a grant consultant can help provide needed clarity for your grant application.
Zero-Emission Drayage Truck and Infrastructure Pilot Project Grant
This grant program is specifically tailored to the mission to change the overarching goals for the Zero-Emission Drayage Truck and Infrastructure Pilot Project solicitation program. If you are a trucker or have a trucking business, this is an ideal grant to apply for. The program provides funding to help support the idea of advanced zero-emission technology for Class 8 on-road trucks. The trucking system and application process are jointly monitored through this application process.
Furthermore, the grant program is also in combination with the general focus on regional haul or drayage services that are provided by the truckers and truck companies. Applying for this grant requires that you provide information that reflects the business or employment and services that you provide in line with the trucking industry. The grant funding can be used for many areas, particularly when it comes to getting the grant awarded for qualified applicants.
The grant application process is streamlined in a way that you can have it completed in minutes. However, for many who are new to the grant application process, this may appear quite challenging, and if that is the case for you, you may reach out to a grant consultant who can guide you through a successful grant application. The grant application, particularly for those that have been officially released can be quite competitive, but applying early can give you a fair chance at getting the grant awards you want for your business.