State Trade and Export Promotion Awards from the SBA:
Idaho Announced as a FY 2014 Recipient!
Even though competition was fierce, Idaho successfully submitted a winning proposal and has received $347,278 of Federal Funding! For Federal Fiscal Year 2014 appropriation for the State Trade and Export Promotion (STEP) Grant Program funded in part through a cooperative agreement by the U.S. Small Business Administration (SBA) is $8 million. This amount is considerably less than appropriations for year one and two at $30 million in each year of the first two years of the three year pilot program.
These grants are a tremendous opportunity for Idaho companies in any industry to assist with export market development and promotion activities. Businesses looking to increase their exports, find new markets, or get involved in exporting for the first time are encouraged to apply. Grants are available on a competitive basis to companies who meet the small business standards as set by the SBA. View a complete listing of industry specific small business definitions.
In year two of the STEP program, the Idaho Department of Commerce awarded 89 grants to 68 small businesses. Over $12 million in immediate sales have been reported to date (final reports due next month) resulted from year two of STEP grant funding. The total amount awarded in year two to Idaho through this program was $405,128; and it made a significant difference to our Idaho Small Business exporting community.
International Market Access Grants
Qualifying program uses covered by the grant include:
- International sales mission
- Governor’s trade mission
- International trade show
- U.S. Commercial Service products such as Gold Keys
- Translation of website
Upcoming Grant Application Deadlines
- Watch for announcements in early to mid-October
- Sign up for international newsletter notifications if you are not currently on our distribution list to ensure that you receive updates on application deadlines and other valuable information. Click here to subscribe.
For questions, please contact Tina Salisbury, (208) 287-3164