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NEWS | SBA Announces $20M for Small-Business Exporting

NSBA supports opportunities of expanding growth for America’s small businesses and exporters.

This week, the U.S. Small Business Administration (SBA) announced the dedication of $20 million to new small-business export growth. Funds were awarded in grants to 49 U.S. state and territory international trade agencies as part of the SBA’s State Trade Expansion Program (STEP).

STEP works as a federal and state partnership to provide funding directly to small businesses seeking to grow their businesses and the U.S. economy with international trade opportunities.

In the last 13 years, STEP has awarded nearly $240 million in grants and direct support to more than 13,000 small businesses for international expansion and export growth. One STEP statistic shows that, for every $1 provided in STEP funding, there is an average yield of $43 in export sales.

Aligned with the U.S. Government’s priorities of strengthening the base of small-business exporters and improving global competitiveness on the international level, NSBA is proud to support export opportunities through its Small Business Exporters Association (SBEA).

Read more about SBEA and the SBA’s STEP opportunities, including if your state or territory earned a STEP award this year, as well as how to apply for funding opportunities, here.


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