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Small Business Administration - State Trade Expansion Program (STEP). Deadline: 5/31/22. $20M Avail.

Opportunity Title:

FY 2022 State Trade Expansion Program (STEP)



Opportunity Number:

SB-OITST-22-001



Description:

Since its inception in 1953, SBA has served to aid, counsel, assist and protect the interests of small businesses. SBA offers a wealth of financial support, resources, and services to small businesses through an array of loan, contract, and grant opportunities. The Agency also plays a critical role in business counseling and training to small businesses and nascent entrepreneurs. The primary purpose is to promote growth, expansion, innovation, increased productivity, and management improvement. The mission of SBA’s Office of International Trade (OIT), which bears responsibility for administering STEP, is to build the capacity of current and future small business exporters to compete in the global marketplace through capital, counseling, and the advancement of commercial interests at home and abroad. The underlying premise of STEP is to supplement non-Federal entities’ (as defined in Section 3.1) funds for export activities, not to substitute Federal funds to cover costs that Applicants would normally or otherwise cover. Per 2 C.F.R. Section 200.408, non-Federal entities’ proposed use of Federal funds for STEP will be limited to the below statutory uses of funds that directly benefit ESBCs to become an exporter, increase their export sales, and/or increase new export opportunities.



Eligibility:

State Governments



Total Amount Available:

$20,000,000



Maximum Award:

$2,000,000



Minimum Award:

$100,000



Application Deadline:

May 31, 2022



Opportunity Link



Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.

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