The U.S. Small Business Administration is providing $30 million in grants to states, territories, and the District of Columbia, to help increase exporting by small businesses during the next 12 months. Washington will receive $1.5 million.
The grants were authorized by the Small Business Jobs Act of 2010, under the State Trade and Export Promotion Program, which provides federal funding for 65 percent to 75 percent of program costs, with states supplying the remainder. The funding will support participation in foreign trade missions, foreign market sales trips, subscriptions to services provided by the Department of Commerce, Website translations fees, design of international marketing media, trade show exhibitions, participation in training workshops, and other critical export initiatives.
Small businesses that want to receive assistance under the STEP program can click here for more information.