STEP Grants
This program provides financial assistance to small businesses in Louisiana to help them expand their international sales and export activities through reimbursements for various related expenses.
The State Trade Expansion Program (STEP) Grant aims to aid Louisiana's small businesses in increasing export revenue and preserving or generating employment through international sales. Qualified small businesses can receive reimbursement for costs linked to participating in both virtual and physical trade exhibitions, missions, and export training workshops. Eligible expenses also cover shipping sample products, compliance testing, U.S. Commercial Service's fee services, international website development, and marketing media design, among other approved activities. The grant provides a 90% reimbursement rate for eligible costs, capping the benefit at $10,000 per company.
Award Range
Not specified - $10,000
Total Program Funding
Not specified
Number of Awards
Not specified
Matching Requirement
No
Eligible Applicants
Additional Requirements
Companies must comply with the SBA's small business definition, have been operational for at least one year, be profit-oriented and located in Louisiana. They should be new to exporting or aiming for new export markets, possess an export strategy, be aware of export-related costs, and intend to export U.S.-origin goods or services, or those with at least 51% U.S. content. Companies must not be barred from federal business engagements.
Geographic Eligibility
All
Application Opens
Not specified
Application Closes
Not specified
Subscribe to view contact details