Funding

Funding

Over the years, MITC has been able to offer financial support to Maine companies working internationally available through the US Small Business Administration, FoodExport USA, and the Maine Manufacturing Extension Partnership.

STEP Financial Assistance Award

Eligible Maine companies may receive up to $20,000 per year.

Is my business eligible? How can I use the money? How do I apply for funding? What’s the timeline for the process? This webinar with MITC President Wade Merritt answers these and other questions, as well as providing lots of examples of activities that are covered under this SBA-funded program.

View Slide Deck (570kb, PDF)
Printer Friendly Flyer (780kb, PDF)
Program FAQ (790kb, PDF)

Guidelines

For information on eligibility and requirements for reimbursement, please review the STEP 2022 Guidelines and Travel Policy documents 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, 2022. Funded activities must be completed before September 29, 2022.

Reduced Match Requirement

In order to help your business realize even greater benefit from this financial support, we’ve reduced the match requirement to 25% of the total cost for approved activities, and 75% of eligible costs for approved activities will be covered.

When in doubt, ask MITC

If you have an idea to expand your export sales and are not sure the activity would be covered, contact us to discuss how we may be able to provide financial support. We want to hear from you.

Funded in part through a grant with the U.S. Small Business Administration

The State Trade Expansion Program (STEP) grant initiative of the U.S. Small Business Administration provides funding 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.