If they the strings attached to the grants and/or loans would lead to a profit increase, I'm sure they'd take the money in a heartbeat.
However, if the attached strings mean that accepting the money results in a financial loss, of course they're not going to take it.
That the Federal government might be running this program in an inefficient manner with too many bureacratic hoops to jump through shouldn't come as a surprise to any observer of how the government operates.
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