Expand Your Market Base: Go Global

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If you’re interested in learning more about the SBA’s STEP program, visit their website.  Why?  Because in the case of Delaware and Maryland more than $860,000 is set to be awarded to small businesses to help expand their exports.  It's a superb way to find your next global customer.  On the ground, this funding will be the link to resources that business owners need across the world. 

“To find out number one whose distributors, suppliers, wheres my market base at in those countries? So you can potentially use these funds to cover some of the costs that are associated with actually going that ground game, going to those countries, finding your distributors, finding your market,” said Michelle Harris, the Director of the Small Business Administration Delaware.

What Can an Export Grant Out of New Jersey Do For You?

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In the case of New Jersey, USA, the New Jersey Business Action Center (NJBAC) is offering export assistance to small and mid-sized businesses in New Jersey through its NJ STEP program. 

Through the New Jersey State Trade Expansion Program (NJ STEP), which is funded in part through a grant from the U.S. Small Business Administration (SBA), the NJBAC offers an opportunity to help Small Business Enterprises (SBEs) receive financial awards to offset export promotion costs partially.

The benefits of exporting include increased revenue, a diversified revenue stream, and an expansion of product offerings for local preferences.

To learn more about its tools and resources, visit here.

SBA's STEP Program Supports Global Small Businesses

To help enter and compete in the global marketplace, small businesses across the country will have access to $17.4 million in funding. The Small Business Administration (SBA) will make 40 awards from the agency’s State Trade and Export Promotion (STEP) program to states and territories to support activities to increase exporting by small businesses.

Here's the listing of states that received funding in 2015 (note:  IL received $686,855 -- last year zero).

SBA’s STEP program ensures local resources are available to help small businesses tap global markets. By funding states and their export development partners, the SBA is delivering the tools and resources required for small businesses to launch their services and products abroad.

Learn more ... SBA Awards $17.4M to Small Business Global Trade

Chart screenshot courtesy:  Business Facilities

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