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SBA grants $30 million to states for trade, export promotion
by Tribune Staff
Sep 30, 2011 | 552 views | 0 0 comments | 4 4 recommendations | email to a friend | print
WASHINGTON — The U.S. Small Business Administration is providing $30 million in grants to states, territories and the District of Columbia to help increase exporting by small businesses during the next 12 months. The grants were authorized by the Small Business Jobs Act of 2010, under the State Trade and Export Promotion Program (STEP).

The STEP program, launched in March, aligns with President Obama’s National Export Initiative. The president’s initiative calls for doubling U.S. exports in five years — and in so doing, supporting two million jobs. The program provides federal government funding for 65 to 75 percent of program costs, with states supplying the remainder. 

“Strengthening the nation’s economy through a substantial increase of U.S. exports is a top priority for the administration and the agency,” said Karen Mills, SBA administrator. “This is a unique partnership between the federal government and the states. Sharing responsibilities and resources will help new small exporters across the country enter and succeed in the global market.”

The funding will support participation in foreign trade missions, foreign market sales trips, subscriptions to services provided by the Department of Commerce, website translations fees, design of international marketing media, trade show exhibitions, participation in training workshops and other critical export initiatives.

Small businesses that want to receive assistance under the STEP program should contact the organizations serving the states in which they are located. For a list of these organizations and more information about the STEP program, visit http://www.sba.gov/about-offices-content/1/2889/resources/14315.

The SBA anticipates it will conduct a new competition for STEP program grants during the winter of 2011. Awards will be made in September 2012 for export support services by states over the following 12 months.
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