SBA Announces Grants Available for State Trade, Export Promotion

February 28, 2011 at 8:16 am

Release Date: Thursday, February 24, 2011
Release Number: 11-17
Contact: Dennis Byrne (202) 205-6567
Internet Address: http://www.sba.gov/news

$90 Million Jobs Act Initiative Aimed at Increasing Small Business Exporting

WASHINGTON – Beginning March 1, states can apply for grants from the U.S. Small Business Administration to support efforts to increase exporting by small businesses. The State Trade and Export Promotion (STEP) pilot grant initiative is authorized to provide up to $90 million in grants to states over the next three years.

The STEP pilot grant initiative is aimed at achieving two goals: 1) increase the number of small businesses that want to export and 2) increase the value of exports for those small businesses that currently export. Established by the Small Business Jobs Act of 2010 the 50 states, the District of Columbia and U.S. territories are all eligible to apply for grants, which will be awarded on a competitive basis.

“The global market offers countless opportunities for small business owners who are well positioned to grow their volume and customer base beyond our borders, and in doing so, create good-paying jobs in their local communities,” SBA Administrator Karen Mills said. “These grants, through the partnerships they will create at the state level, will strengthen the support available to help small business take that first step to begin exporting, and for those who are already exporting, grow into additional markets.” Read More

SOURCE: SBA.gov

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Entry filed under: Funding.

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