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Monday, February 28, 2011

SBA Grants Available for State Trade, Export Promotion

Starting March 1, 2011, state governments can apply for grants from the U.S. Small Business Administration (SBA) to support efforts to increase exporting by small businesses.

The program is called The State Trade and Export Promotion (STEP), and it will award $90 million in business grants to all 50 states over the next three years, on a competitive basis. The goal is to increase the number of small businesses that want to export, and to increase the value of exports for those small businesses that currently export.

Individual state project award amounts will vary based on each state’s proposed project plan and budget.

Activities that can be supported with grant dollars under this initiative may include: participation in foreign trade missions, foreign market sales trips, subscription services provided by USDOC, design of international marketing products or campaigns, export trade show exhibits, training workshops or other export initiatives that are in line with the goals of the pilot grant initiative.

The application period will be from March 1st through April 26th. Awards for the first year of the grant program will be issued in summer of 2011. For more details, visit www.sba.gov/STEP.
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