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Utah State Trade and Export Promotion (STEP): Paris at Night (photo by Benh Lieu Song, courtesy Wikipedia: Paris) February 14, 2014 | 12:00 pm

Trade Event Matching Funds Available to Boost Export Sales of Utah Companies

Business TravelerMatching funds available to help Utah companies boost export sales

Online Application

Salespeople, pack your bags for that international trade event you’ve been eying. Utah small businesses that act quickly may apply for matching grants to offset espenses related to exhibiting at international events, participating with trade mission delegations, and receiving Gold Key Service through the U.S. Commercial Service in countries identified to increase your global markets. The U.S. Small Business Administration (SBA) and the Utah Governor’s Office of Economic Development (GOED) are offering funds through the STEP program. STEP awards are granted up to $2,250 and require a 25% cash match by the recipient up to $750.

Expenses eligible for reimbursement include:

Eligible businesses shall:

  • Meet the federal definition of a small business
  • Have been operating profitably for the past year
  • Have a product for export
  • Have a strategic plan for exporting
  • Be new to export or are entering a new export market

Note: Site visits may be conducted by the program administrator to further determine a company’s eligibility.

Ineligible businesses are:

  • Agents acting as intermediaries for other companies
  • Law firms
  • Non-profit organizations
  • Educational institutions
  • For-profit educational companies that are seeking to recruit students
  • Retail businesses and distributors
  • Companies that recruit foreign investment

Application

The online application deadline is four weeks prior to the trade event. Applications submitted with less than four weeks notice will not be considered for an award. The international trade event must occur before June 30, 2014.

Online Application

Awards

Awards will be given to Utah based small businesses on a first come first served basis until the program funds are expended. Events must occur by June 30, 2014, and preference will be given to companies that apply to attend events in the near future. Only one award is made per qualifying company each 12 month period. Awards are subject to the terms and conditions set forth by the U.S. Small Business Administration, which require that preferential weight be given to those companies that are women or minority or veteran owned and demonstrate financial need.

For more information contact

Ariel Briggs
STEP Program Manager
(801) 538-8778
abriggs@utah.gov

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State Trade and Export Promotion (STEP) matching grants are funded in part through a grant award with the U.S. Small Business Administration (SBA).

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