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.

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Posted on October 3, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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