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State Trade Expansion Program (STEP) Grant (Colorado) is sponsored by Colorado Office of Economic Development and International Trade (OEDIT). The Colorado STEP Grant helps Colorado small businesses pay for international business development activities, such as attending international trade shows and researching foreign markets. This can be relevant for small businesses in the space industry looking to expand globally.
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State Trade and Expansion Program U.S. Small Business Administration Awards Colorado $500,000 STEP Grant to Spur Small Business Exports The U.S. Small Business Administration (SBA) has awarded the Colorado Office of Economic Development and International Trade (OEDIT) a $500,000 State Trade and Expansion Program (STEP) grant to promote international exports for small businesses.
Through this funding, the Global Business Development Division of OEDIT will continue its work to help small businesses across Colorado participate in activities that promote international sales and trade.
“Continued support from the SBA’s State Trade and Expansion Program has played a key role in helping Colorado’s small businesses expand their exporting activity, and that translates into an increased ability to grow their revenue and contribute to a strong Colorado economy. We look forward to continuing this important work with the support of the SBA,” said Michelle Hadwiger, Director of the Global Business Development division.
Last year, Colorado’s STEP award helped more than 80 small businesses across Colorado conduct international business development activities. STEP funding is open to Colorado small business exporters to conduct international sales trips, attend international trade shows and develop websites or international marketing campaigns.
Nationwide, the SBA provides these awards to a majority of U.S. states to support activities that increase exporting by small businesses. Through the STEP grant, OEDIT and the Colorado Department of Agriculture (CDA) will participate in ten trade shows that connect Colorado small businesses to international buyers.
The key industry programs include: Arab Health in Dubai, UAE in January, 2023 Photonics West in San Francisco in January 2023 JEC World in Paris, France in April 2023 Hannover Messe in Hannover, Germany in April 2023 Green Expo in Mexico City, Mexico in September 2023 ANTAD in Guadalajara, Mexico, March 2023 IFE in London, England in March 2023 SIAL Canada in Toronto, Canada in May 2023 National Restaurant Association in Chicago, Illinois in May 2023 America’s Food and Beverage Show in Miami, Florida in September 2023 About the State Trade Expansion Program 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, STEP provides grant awards to small businesses to offset international business development and marketing costs. Eligibility and application guidelines can be found on the website .
Based on current listing details, eligibility includes: Colorado small businesses with 500 or fewer employees that have been operational for at least one year and demonstrate a need for assistance and understanding of export-related costs. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $10,000 per year Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
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The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.