State Trade Expansion Program (STEP)
State Trade Expansion Program (STEP)
The Small Business Administration
ABOUT THE GRANT
The State Trade Expansion Program (STEP) is a national SBA program to help small businesses enter or expand into international markets. Funded by the U.S. Small Business Administration (SBA) and administered at the state level, this program provides direct reimbursement for the costs associated with "going global."
Most states offer reimbursement grants ranging from $5,000 to $15,000 per year (though some states offer more) to offset export-related expenses. If your business currently makes any exports, or is looking to start exporting internationally, this is a fantastic program to explore.
Please note that while this is a national program, the grants themselves are administered at the state level. The grant page that we have linked to provides a directory of the individual state websites where you can apply. Just click through to your state’s page to find specific details and eligibility criteria for your business.
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NOTES
The State Trade Expansion Program (STEP) is honestly one of the best grant opportunities out there right now. While there aren't any official stats on approval rates and it varies depending on your state, the anecdotal evidence is that it’s surprisingly high. Approval rates are said to be somewhere in the 25-50% range for those who qualify.
If you’re already shipping products overseas, or even if you’re just starting to think about international sales for the future, I’d put this at the top of your list.
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