SBA Awards FY 2019 State Trade Expansion Program Grants
Monday, September 16, 2019
The U.S. Small Business Administration announced that $600,000 has been awarded to the California Department of Food & Agriculture that successfully competed for funding to support export growth among small businesses through SBA’s competitive State Trade Expansion Program (STEP).
“SBA is proud to partner with the STEP grant winners and provide much-needed resources that help small businesses increase their sales by exporting,” said Acting AdministratorChris Pilkerton. “These grants are especially helpful as our country is in the midst of negotiating a number of trade agreements, including one between the United States–Mexico–Canada (USMCA). All of the Administration’s work is aimed at modernizing and creating a better deal for America’s consumers, businesses, including small businesses, and workers. The SBA’s STEP partners not only help entrepreneurs increase and diversify their customer base; they also help to create and retain local jobs.”
Today, trade represents nearly 58% of the world’s $80 trillion economy, and 95% of the world’s consumers are located outside the United States. Exporting is an important way for U.S. small businesses to grow revenue and boost local economies. STEP is designed to assist states with increasing the number of small businesses that export and the value of those exports.
The 2019 STEP awards will help California assist their small businesses with the information and tools they need to succeed in export-related activities. Exporting activities include: participating in foreign trade missions and foreign market sales trips, obtaining services provided by the U.S. Department of Commerce, accessing expertise in designing international marketing campaigns and export trade show exhibits, and participating in training workshops, as well as other important means of engagement.
“This $600,000 award is the latest significant investment SBA is making for California’s small business exporters. It builds on the training provided through our Export Trade Assistance Partnership (ETAP) Program and the network of resources that make up the region’s Export Outreach Team (EOT),” said Acting District Director Christopher Lorenzana. “Our confident expectation is that Southern California’s exporters will obtain their fair share of export assistance via the funding going through SBA’s STEP program.”
Expanding the base of small business exporters and improving the process to explore new trade opportunities is a key component of SBA’s small business strategy. Since 2011, the STEP program has awarded approximately $157 million in grants to fund export opportunities and increase the footprint of small businesses in countries all over the world.
Individual STEP awards are managed at the local level by state government organizations. The U.S. Small Business Administration’s Office of International Trade administers the STEP awards at the national level.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
About the Orange County / Inland Empire District Office
The Orange County / Inland Empire District Office, under the leadership and vision of J. Adalberto Quijada, District Director, is responsible for the delivery of SBA programs and services in the Southern California counties of Orange, Riverside, and San Bernardino. Located in Santa Ana near John Wayne Airport, the office and its staff facilitate understanding and access to SBA loan programs; coordinate and conduct hundreds of training sessions and special events annually such as matchmaking forums and loan workshops; and manage a portfolio of nearly 100 businesses enrolled in the agency’s 8(a) business development program.
Category: Partner News