Wednesday marks the deadline for manufacturers and other businesses to apply for the U.S. Small Business Administration’s State Trade Expansion Program grant program, the federal agency announced on Monday.
So far, some 48 state international trade agencies have successfully competed for $19 million in grants, according to a press release.
“Through SBA’s STEP awards, states provide small businesses with the critical funding they need to thrive internationally while creating jobs and strengthening their communities,” said Loretta Greene, associate administrator for SBA’s Office of International Trade, in a statement.
Eligible businesses may apply for grants ranging from $6,000 to $12,000 per business to reimburse for costs associated with pre-approved projects, activities or services between Oct. 1, 2020 and Sept. 30, 2021.Â
STEP is intended to increase the number of small businesses that export, the value of their exports, and the number of small businesses exploring trade opportunities.Â
The STEP program was first launched 10 years ago.
The Massachusetts Office of International Trade accepts applications in conjunction with the Massachusetts Small Business Development Center Network and the Massachusetts Export Center. More information about the application is available on the MSBDC website.
