Over the years, MITC has been able to offer financial support to Maine companies working internationally. Generally, these funds may be used for business-to-business matchmaking, interpreters or translators, trade show space, or other on-the-ground overseas activities. Such funding has been available through the US Small Business Administration, FoodExport USA, the Softwood Export Council, and the Maine Manufacturing Extension Partnership.
STEP Financial Assistance Award
The U.S. Small Business Administration’s State Trade Expansion Program (STEP) grant initiative provides funding to states and U.S. territories to increase the number of businesses that export. Administered by MITC, the STEP Financial Assistance Award provides up to $8,000 per year in reimbursements to eligible Maine companies seeking new international sales with financial support for: International Business Development, Advanced Export Skills Development, and Foreign Marketing Support.
For information on eligibility, please review the STEP 2016-17 Guidelines before submitting your STEP Financial Assistance Award application.
A specific activity, dates, and budget are required as part of the application. Applications must be received by September 15, 2017. Funded activities must be completed before September 29, 2017.
NOTE: Applications for the current year are closed, and all funds are committed at this time. Please check back in September 2017 for next year.
For more information or questions, contact Wade Merritt.