The U.S. Small Business Administration (SBA) announced on Thursday that $18 million in grants has been awarded to 41 state international trade agencies to support export growth among small businesses through SBA’s competitive State Trade Expansion Program (STEP).
“SBA is proud to partner with the STEP grant winners and provide much-needed resources that help small businesses increase their sales by exporting,” said Acting Administrator Chris Pilkerton. “These grants are especially helpful as our country is in the midst of negotiating a number of trade agreements, including one between the United StatesâMexicoâCanada (USMCA),â said Pilkerton.Â
âAll of the Administration’s work aims to modernize and create a better deal for U.S consumers, businesses, including small businesses, and workers. The SBA’s STEP partners not only help entrepreneurs increase and diversify their customer base; they also help to create and retain local jobs,” Pilkerton added.Â
The 2019 STEP awards help provide small businesses with the information and tools they need to succeed in export-related activities. Exporting activities include: participating in foreign trade missions and foreign market sales trips, obtaining services provided by the U.S. Department of Commerce, accessing expertise in designing international marketing campaigns and export trade show exhibits and participating in training workshops, as well as other important means of engagement.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.