The U.S. Small Business Administration (SBA) has announced the opening of the submission period for a funding opportunity through the State Trade Expansion Program (STEP).
The purpose of the grant opportunity is to invite proposals for funding from eligible state entities interested in, and capable of providing assistance, guidance and tools to qualified small businesses looking to engage in export-related activities.
“The SBA’s STEP grant program enables valuable opportunities for small businesses [that] want to find new clients in foreign markets,” said David M. Glaccum, associate administrator for SBA’s Office of International Trade.
“The STEP grant program provides small businesses with financial resources to participate in foreign trade missions, designing new marketing materials or setting up a trade show exhibition. I encourage all of our state partners to take advantage of this program and work with entrepreneurs from across the nation to innovate and take their businesses global,” said Glaccum.
District Director Yvette T. Collazo said: “By partnering with state and local governments through the STEP program, we provide a solid foundation for small businesses looking to enter foreign markets, so that they may grow and create jobs. We encourage Puerto Rico and U.S. Virgin Islands agencies to apply for this round of grants, so that together we may help more entrepreneurs take their small businesses global.”
Funding Opportunity Announcement No. OIT-STEP-2019-1 is for fiscal year 2019 and the submission period is from May 1 – 31. Proposals responding to this funding opportunity announcement must be posted to www.grants.gov by 11:59 p.m. (EDT), May 31.
No other method of submission will be permitted. Proposals submitted after the stipulated deadline will be rejected without being evaluated.
For more information on submissions guidelines and rules for this funding opportunity, visit www.grants.gov.