What Types of Government Incentives Are Available?
There are several types of government incentives available to entrepreneurs:
1. Grants: These are non-repayable funds provided to businesses for specific purposes, such as innovation and research and development. 2. Tax Breaks: These include deductions, credits, and exemptions that reduce the tax liability of businesses. 3. Subsidies: Direct financial support to lower the costs of goods and services. 4. Loans: Low-interest or interest-free loans aimed at supporting business growth. 5. Training Programs: Government-funded training and development programs to enhance the skills of the workforce.