The Massachusetts Office of International Trade and Investment (MOITI) recently received a $500,000 State Trade and Export Promotion (STEP) grant to help reimburse small state businesses for qualified export-promotion expenses.
Expenses include trade show participation, overseas marketing and localization and subscription services from the U.S. Department of Commerce.
The U.S. Small Business Administration (SBA) provided the grant for MOITI in partnership with the MA Export Center and Massachusetts Small Business Development Center Network.
“SBA’s STEP program ensures local resources are available to help small businesses tap global markets. By funding states and their export development partners, the SBA is delivering the tools and resources required for small businesses to launch their services and products abroad,” Maria Contreras-Sweet, SBA administrator, said in a statement. “With 95 percent of the world’s consumers living outside of the United States, SBA’s STEP program ensures that America’s small businesses can succeed in the 21st-century global economy.”