State Trade and Export Promotion (STEP) Grant Program - 2012
The STEP Program is a pilot grant initiative through the Small Business Administration, authorized for three years under the Small Business Jobs Act of 2010. In 2011, the first year of the STEP program, Massachusetts was awarded $614,025.
The aim of the STEP Initiative is to increase the number of small businesses that are exporting and increase the value of exports for those small businesses that are currently exporting. These goals build on the President’s National Export Initiative which is working to double U.S. exports and give America a stronger competitive edge in the global market.
2012 - STEP Round 1 Summary
- A total of 60 small businesses received grants in Massachusetts’ first STEP Grant program in 2012
- STEP Grants were used for:
- foreign trade shows
- Gold Key Services
- localization services
- translating services
- development of international marketing materials
- advertising in international trade journals
- and other initiatives to help small businesses increase their exports
- The goal of the state’s STEP program was achieved: To have small businesses determine what they needed to increase their export programs and then receive the funds to implement those programs.
- MOITI and MEC are monitoring the STEP grant initiatives and providing participating companies with counseling, support services and resources to ensure their success, which will ultimately benefit the state of Massachusetts with business growth and job creation.
- Massachusetts Recipients [Embedded map of STEP Recipients]