New State Grants to Increase Small Business Exports
Last week the Small Business Administration announced a $30 million in state grants to increase foreign exporting by small businesses.
The $30 million will assist with state support of small firms’ involvement in international business including foreign market sales trips, training workshops, foreign trade missions, and trade show exhibitions.
Forty-seven states have received grants in addition to the District of Columbia, Guam, the Virgin Islands, Puerto Rico and the Northern Mariana Islands.
The grants come are part of a government initiative to increase imports. Within five years President Obama hopes to double exports.
In the past fiscal year U.S. exports increased 27.3% from 2009 to $2 trillion. The Commerce Department reported that U.S. exports were at an all time high of $178 billion in July.
Just because you have a small business doesn’t mean you can’t sell your product internationally. In fact there is now $30 million in new grants to states that will help grow the amount of small business exports.