The Small Business Administration has pumped $17.4 million in funding into a program intended to help small businesses across the country increase their exports.
Small businesses from several states received 40 awards through SBA’s State Trade and Export Promotion program to compete in the global marketplace, SBA said Monday.
“SBA’s STEP program ensures local resources are available to help small businesses tap global markets,” said Maria Contreras-Sweet, SBA administrator.
“By funding states and their export development partners, the SBA is delivering the tools and resources required for small businesses to launch their services and products abroad,” added Contreras-Sweet.
Under the program, states have the responsibility of helping small companies participate in foreign trade missions, foreign market sales trips, Commerce Department subscription services, international marketing campaign design, export trade show exhibits and workshops.