Trade represents nearly 58 percent of the world’s $80 trillion economy—and 95 percent of the world’s consumers are located outside the United States, presenting an enormous opportunity for U.S. small business.

The State Trade Expansion Program (STEP) of the U.S. Small Business Administration (SBA) was designed to assist states with increasing the number of small businesses that export — as well as the value of those exports, an important way for U.S. small businesses to grow revenue and boost local economies.

In September SBA announced a total of $19 million in grant awards to fund 46 state international trade agencies in the program’s ninth grant cycle.

The principal goal of the STEP program is to increase the number of small businesses exporting to foreign markets and to increase the value of those exports.


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