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
How can we help your business succeed globally?
Eligible Maine companies may receive STEP Financial Assistance Awards totaling up to $20,000 per year in reimbursements for costs associated with activities in the following categories:
International Business Development – up to $10,000 per activity
virtual B2B matching services or international trade shows
Export Skills Development – up to $6,000 per activity
training or export compliance services
Export Marketing Assistance – up to $8,000 per activity
consultants to improve international marketing efforts
International E-Commerce and Digital Marketing – up to $10,000 per year
e-commerce platform hosting and website development fees, search engine optimization targeting foreign markets, online market listings, and online international payment solutions
Reduced Match Requirement
As countries and regions around the world rebound from the COVID-19 pandemic at different rates, international business will be a key element of the economic recovery for Maine. 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.
Guidelines & Application
For information on eligibility and requirements for reimbursement, please review the STEP 2021-2022 Guidelines and Travel Policy documents before submitting your STEP Financial Assistance Award application.
Check out the FAQ sheet to find answers to common questions before submitting your 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.
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.