Louis Mangione

Innovations in Education, Inc.

Sba Grants Cooperative And Agreement

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WASHINGTON, D.C. — The U.S. Small Business Administration announced today that states can immediately request SBA cooperation agreements that support efforts to increase small business exports. The State Trade and Export Promotion (STEP) program was used at $18 million for rewards until September 30, 2016. Cooperation agreements to the Step programme are awarded on a competitive basis. The ANNOUNCEMENT of the STEP programme will be published under www.grants.gov and applications will be accepted before 17 March 2016. For more information, see www.sba.gov/step. A State may not submit more than one application for a STEP award and must support the following export-related activities: participation in trade missions, business travel abroad, organization of international marketing campaigns, export fair exhibitions, export training workshops or other export initiatives consistent with the objectives of the program. “Last year, the SBA surpassed our trade finance record and supported $3.3 billion in export sales. I think we can do more to help our small businesses reach the 95% of consumers who live outside our borders,” said Maria Contreras-Sweet, administrator of SBA. Small businesses are increasingly engaging in the ever-changing global marketplace. With our STEP awards, governments can turn more small businesses into exporters and increase their export sales. These small businesses will create jobs and strengthen their communities. » $18 million will be allocated to promote the export of small businesses The STEP program has two objectives: 1) to increase the number of small businesses that are starting to export and 2) to increase the export value for small businesses that are currently exporting.

All 50 states, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa and the Commonwealth of the Northern Marianas are eligible. The amount of the awards depends on the proposed project plan, budget and competitive quality of the winner. Broadening the exporter base for small businesses and making it as simple as possible is a key part of the government`s next national export initiative. The results of the STEP programme have been very strong. The winners reported a return on investment of federal funds of more than 19:1 from export activities in 85 domestic markets supported by STEP credits in the first two years of the auction. . . .

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