OIT-STEP-2024-01
ID: 353696Type: Posted
Overview

Buyer

Small Business Administration (SBA)

Award Range

$100K - $900K

Eligible Applicants

Private Institutions of Higher Education

Funding Category

Business and Commerce

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/353696

Additional Information

https://www.grantsolutions.gov/gs/preaward/previewPublicAnnouncement.do?id=111036
Timeline
    Description

    The Small Business Administration (SBA) is offering a funding opportunity through the State Trade Expansion Program (STEP) aimed at enhancing the export capabilities of eligible small businesses. This program invites proposals from designated state entities to support projects that increase the number of U.S. small businesses that export, raise the dollar value of exports, and explore significant new trade opportunities. With a total funding allocation of $20 million for fiscal year 2024, grants ranging from $100,000 to $900,000 will be awarded, with an expected 56 awards to be made. Interested applicants must submit their proposals by June 6, 2024, and can reach out to the Grants.gov Contact Center at 1-800-518-4726 or via email at support@grants.gov for assistance.

    Point(s) of Contact
    support@grants.gov
    Files
    Title
    Posted
    STEP_12_NOFO FINAL-R.pdf
    STEP_12_NOFO.pdf
    The U.S. Small Business Administration (SBA) invites eligible state entities to submit proposals for the State Trade Expansion Program (STEP) aimed at enhancing the export capabilities of eligible small businesses. The funding opportunity, No. SB-OITST-24-001, opens on April 22, 2024, and closes on June 6, 2024, with a total funding allocation of $20 million for fiscal year 2024. Eligible entities, designated by their state governors, can apply for grants ranging from $100,000 to $900,000. The primary objectives of STEP include increasing the number of small business exporters, raising the dollar value of their exports, and facilitating significant new trade opportunities. Activities supported by STEP include participation in trade missions, market sales trips, and export training workshops. The program emphasizes collaboration with various stakeholders, including federal agencies and educational institutions, to maximize resource utilization. The proposal review will prioritize direct benefits to small businesses and emphasize measurable outcomes such as increased export activity. Applicants must demonstrate organizational capacity and outline clear performance measures. The program aims to bolster U.S. trade through targeted support for small businesses looking to expand into international markets.
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