Beginning March 1, states can apply for grants to support efforts to increase exporting by small businesses, the Small Business Administration announced today.
The SBA’s State Trade and Export Promotion initiative has up to $90 million in grants to offer states during the next three years.
The initiative is aimed at increasing number of small businesses that want to export and increase the value of exports from businesses already involved.
“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.
A state may not submit more than one application for a grant under the initiative, but may renew each year.
Activities that can be supported with grant dollars include: participation in foreign trade missions, foreign market sales trips, subscription services, 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 initiative announcement will be posted at Click here on March 1.
The application period will be March 1 through April 26. Awards for the first year of the grant program will be issued this summer.
To see more information Click here
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