Good Morning South Dakota Exporting Entrepreneurs,
Exporting is a great way to expand your market base, stay competitive when your competitors are already exporting, protect your company against domestic market swings
in
business cycles, sell extra inventory that isn’t selling in your domestic market and increase your profit
s
!
Small Business Grant opportunity for your company: take advantage of the South Dakota’s STEP (State Trade Expansion Program) Grant.
The STEP Grant is still available for YOU to use in assisting your company to further promote its exporting program!
The STEP Grant opportunity funds MUST be used by September 29, 2018.
STEP Grants provide financial awards to state and territory governments to assist small businesses with export development. This program's mission is to increase the number of U.S. Small Business exporters and increase their export sales.
STEP financial support helps U.S. small businesses:
- Learn how to export
- Participate in foreign trade missions and trade shows
- Obtain services to support foreign market entry
- Develop websites to attract foreign buyers
- Design international marketing products or campaigns
The state of South Dakota will use STEP Program award funds to support export development for Eligible Small Business Concerns (ESBCs) through attendance at domestic trade shows with the International Buyer Program trade shows, participation in U.S. Department of Commerce services, and offering translation services. STEP will also facilitate export training for ESBCs through seminars and courses, and will provide financial assistance for foreign market sales trips. It can also be used towards the U.S Department of Commerce’s Gold Key Program.
For further information as to how these dollars can be used by YOUR South Dakota business to further expand its export sales, please refer to the below inserted document. These are your tax payer dollars at work!
