The State of Maine Powers Up for Exports

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State Trade Expansion Program grants from the U.S. Small Business Administration provide funding to increase the number of businesses that export, and are administered in the state by Maine International Trade Center.

The Maine International Trade Center in Portland was awarded $400,000 in federal money to provide small businesses with the information and tools they need to succeed in export-related activities.

"During times of economic uncertainty, diversification of markets remains a sound business strategy, and international business is a key element," the center’s president, Wade Merritt, said in a news release. 

The latest money will allow the center to help Maine companies take advantage of export markets for today and develop new opportunities in the future.

STEP Awards 2018: Funding Export Opportunities

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SBA Administrator Linda McMahon says, "The STEP awards are an important resource that provide small businesses with the confidence and funding they need to thrive in this competitive international market." She goes on to say.

"The SBA is committed to ensuring equal access for small businesses to international markets and expanding export opportunities, and ensuring small businesses have the resources they need to drive their businesses and local communities forward."

The 2018 STEP awards will allow states to assist small businesses with the information and tools they need to succeed in export-related activities that are in line with the objectives of the program.

Check out which states got what dollar amount in STEP funding here.