Monday, February 28, 2011
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.
Tuesday, February 8, 2011
The grants will nearly double the existing capital bases of these organizations, allowing them to grow and help as many entrepreneurs as possible. Additional grants will be announced at a later date. Chase says the grants, when combined with other private and government funding, will make up to $250 million available for small business lending.