Federal grants are given every year for just about every reason that you can imagine. Grants are given for small business start-ups, preserving historic monuments, continuing education, and art. Federal grants total more than $500 billion dollars a year of free money. This absolutely free government money is available to anyone who qualifies for it. Yes, that’s no typo - there are plenty of free federal grants. Federal grants are given every year for just about every reason that you can imagine. Grants are given for small business, medium-sized businesses, large businesses, service companies, manufacturers, etc. Each grant has its own prerequisites so you must apply for the grant that most closely matches your business type.