The Baker-Polito Administration has provided $623,000 in matching funds to help more than 50 Massachusetts companies market their products overseas.
The State Trade and Export Promotion (STEP) program is funded in partnership with the U.S. Small Business Administration (SBA), and administered in cooperation with Massachusetts Office of International Trade & Investment (MOITI) and Massachusetts Small Business Development Center/Massachusetts Export Center.
The grants support export activities such as trade show participation, overseas marketing and localization services and subscriptions from the U.S. Department of Commerce.
Governor Charlie Baker called the STEP program “a great opportunity for Massachusetts small businesses to access capital, enter new markets, and grow their operations.”
Lt. Governor Karyn Polito said, “Programs like STEP help small businesses pursue every opportunity by leveraging state, federal, and private funding.”
The STEP grants are funded in partnership with the U.S. Small Business Administration (SBA) and administered in cooperation with the Massachusetts Office of International Trade and Investment (MOITI) and the Massachusetts Small Business Development Center/Massachusetts Export Center. The STEP grants support export activities such as trade show participation, overseas marketing and localization services, and subscription services from the U.S. Department of Commerce.
Housing and Economic Development Secretary Jay Ash said that “STEP grantees are encouraged to use market research and export assistance services provided through the Export Center to ensure the highest return on investment.”
SBA MA District Director Bob Nelson called STEP “Most of our exporters are small businesses and being able to leverage federal funds with state and private funds to help expand international sales is a tremendous opportunity.”
Assistant Secretary of Business Development Nam Pham called STEP “a key resource for exporting firms.”
Director of the Massachusetts Export Center Paula Murphy said STEP “enables Massachusetts businesses to engage in targeted, high-impact activities to increase export sales.”
Since 2015, the administration has awarded more than $1.3 million through the STEP program, which has helped companies realize more than $46 million in export sales.
For more information on the STEP program and services provided by the Export Center visit www.mass.gov/export/step/