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SBA Administrator Guzman Announces $20M in Grants for States to Boost Small Business Exports: The Manila Times
SBA Administrator Guzman Announces $20M in Grants for States to Boost Small Business Exports
In an effort to support small businesses looking to expand their reach globally, Small Business Administration (SBA) Administrator Isabella Guzman has announced $20 million in grants for states to boost small business exports.
The grants, part of the State Trade Expansion Program (STEP), will help small businesses access new markets and increase their export sales. This funding will provide resources for small businesses to participate in trade missions, trade shows, and other export-related activities.
Administrator Guzman emphasized the importance of small businesses in driving economic growth and job creation, stating that “small businesses are the backbone of our economy, and we must do everything we can to help them succeed in the global marketplace.”
The grants will be distributed to states based on their ability to meet the program’s objectives and assist small businesses in exporting their products and services. This initiative aims to help small businesses recover from the economic impact of the pandemic and thrive in the global market.
Small business owners interested in expanding their reach through exports are encouraged to reach out to their state’s economic development agency to learn more about how they can benefit from these grants. With the support of the SBA, small businesses have the opportunity to grow and succeed on a global scale.
