Grants are sums of money given to help further the goals of small businesses or individuals. They can be awarded by government entities or private businesses. Unlike a loan, grants do not need to be repaid.
Ray Shook served as the Executive Director of the American Welding Society for 15 years, from 2002 to 2017. During his tenure, the Society experienced significant growth both in membership (surpassing 73,000) and in revenues, growing from $15 million to more than $40 million annually, with corresponding significant growth in revenue surplus and net assets. Ray also spearheaded the alliance of the AWS Welding Show with FABTECH, creating North America’s largest annual metalworking exhibition.
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Creating or growing your own venture can be a scary task — a task that often requires funding. It’s common when looking for funding to turn to banks and investors, but what if there was another option?
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