STEP Financial Assistance Award
The U.S. Small Business Administration’s State Trade Expansion Program (STEP) grant initiative provides funding to states and U.S. territories to increase the number of businesses that export.
Administered by Maine International Trade Center (MITC), the objective of the STEP Financial Assistance Award is to encourage Maine companies to seek new international sales through financial support for costs associated with such activities.
Eligible Maine companies may receive a maximum of three STEP Financial Assistance Awards per year. Airfare, lodging, meals, printing, and search engine optimization (SEO) are NOT eligible for reimbursement under this program.
Eligible businesses may receive reimbursements totaling up to $15,000 per year for costs associated with activities in the following categories:
International Business Development: up to $4,000 per activity
Export Skills Development: up to $2,000 per activity
Export Marketing Assistance: up to $3,000 per activity
For information on eligibility, please review the STEP 2019-2020 Guidelines before submitting your STEP Financial Assistance Award application.
A specific activity, dates, and estimated total cost are required as part of the application. Applications must be received by September 16, 2020. Funded activities must be completed before September 30, 2020.