The Governor’s Office of Economic Development (GOED) has been awarded $150,000 through the State Trade Expansion Program Grant (STEP) administered by the U.S. Small Business Administration. The purpose of the grant is to assist Nevada Eligible Small Business Concerns (ESBCs) to enter or expand into export markets.
With STEP grant funding, GOED’s International Division plans to provide financial assistance awards to Nevada ESBCs to enable participation in the following approved export sales activities:
– Foreign market sales trips.
– Attendance and participation at IBP and IBP Select Trade Shows in the United States.
– Participation in a GOED-led trade mission.
– Participation in international trade training workshops.
The Financial Assistance Award may be used to cover some travel costs, approved business-to-business matching services, approved registration and exhibit fees, and others as indicated in the application and determined at time of award.
Award amounts typically will be between $2,500 and $10,000, covering up to 75% of eligible expenses. Each awardee must be able to cover their remaining costs of the export sales activity. The STEP program is a cost reimbursement grant, requiring a 25% match of eligible expenses by the grant recipient.
Nevada ESBCs may compete for a Financial Assistance Award through the grant by completing an application and submitting it to GOED. Applications will be reviewed and approved on a rolling basis until the funds are no longer available.
Competitive applicants will meet all qualifications as set forth by GOED and the SBA and will present a clear and effective plan to utilize the award to achieve actual export sales within six to twelve months of completion of the activity. Previous awardees may apply.
Completed applications should be submitted electronically to Sonia Joya at email@example.com.
Funded in part through a grant with the U.S. Small Business Administration:
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