DENVER — The US Small Business Administration (SBA) has awarded the Colorado Office of Economic Development and International Trade (OEDIT) a $480,000 State Trade and Expansion Program (STEP) grant to promote new exports targeting small businesses.
Nationwide, the SBA provided STEP awards to a majority of U.S. states to support activities that increase exporting by small businesses. STEP funding is open to Colorado exporters to learn the basics of exporting, travel to an international sales trip or trade show, and develop websites or international marketing campaigns.
Through the STEP grant, OEDIT and the Colorado Department of Agriculture (CDA) will also run nine trade shows that connect Colorado small businesses to international buyers.
These key industry shows include:
Last year, Colorado’s STEP awards helped over 50 small businesses across Colorado participate in trade shows in Munich, Germany; Mexico City, Mexico; Hannover, Germany and, Dusseldorf Germany.
About the State Trade Expansion Program
STEP is a financial assistance program for aspiring and current Colorado exporters entering into a new global market. Funded in part by a grant with the U.S. Small Business Administration (SBA), STEP provides grant awards to small business to offset international business development and marketing costs. Eligibility and application guidelines can be found here. For more information about the Colorado STEP program please contact Nicole Gunkle at [email protected]
About Colorado Office of Economic Development and International Trade
The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Colorado Office of Film, TV & Media; and the Minority Business Office. Learn more at www.choosecolorado.com.
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