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STEP grant program helps small businesses market globally From Crystal Staley/Brandon Mattingly Frankfort, KY - On May 3, 2023, Gov. Andy Beshear highlighted Kentucky's State Trade Expansion Program (STEP) to kick off the 2023 World Trade Month and Export Week. Export Week is a U.S. Commercial Service-led multifaceted program designed to advise and educate U.S. companies about market opportunities and tradecraft skills. It runs from May 1 to 5 and is part of World Trade Month, which serves as an opportunity to recognize the importance of exporting to the U.S. economy and encourages businesses to begin or expand their export efforts. "Kentucky's rising economic fortunes are tied to our ability to connect with and grow our international and foreign investment and export partners," Gov. Beshear said. "Growing that international element of Kentucky's economy while creating opportunities for our small- and medium-sized businesses is crucial for our long-term economic success. Empowering Kentucky companies to access international markets is a big win for our state, as well as the families and communities these companies support." Through awards to U.S. states and territories, STEP has helped thousands of small businesses overcome obstacles to exporting by providing grants to cover costs associated with entering and expanding into international markets since 2011. The Kentucky STEP grant program is a partnership between the U.S. Small Business Administration (SBA) and the Kentucky Cabinet for Economic Development to provide financial awards to assist Kentucky small businesses with export development. The Kentucky STEP grant assists existing, successful Kentucky-based businesses with their new-to-exporting and market expansion plans to sell their products into international markets by reimbursing them up to $10,000 for participation in export development activities. For more information or to apply for STEP funding, visit kyexports.com/step-grant. Email completed applications to STEP Program Manager Mary NeCamp at mnecamp@ky.gov. This story was posted on 2023-05-03 10:56:41
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