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The Delaware Department of State is the recipient of a $268,096 award from the U.S. Small Business Administration to support the department’s initiatives to help Delaware companies increase exports to markets outside the United States.
A significant portion of the money will be made available through Export Delaware to small-to-medium sized businesses to reimburse them for expenses related to attending international trade shows, translating marketing materials and for other eligible expenses.
It’s the fifth year in a row Delaware has received a State Trade and Export Promotion (STEP) award, according to a news release from Export Delaware, which is part of the Department of State.
Delaware will match the federal award with $89,365, making a total of $357,461 available.
“The STEP Grant funds from the SBA have proven instrumental to Delaware entrepreneurs in yielding new international business,” Delaware Secretary of State Jeff Bullock said in the release. “This program is a direct source of new growth for our state’s economy.”
Export Delaware is offering trade missions to Israel, France, the U.K., Sweden, Denmark, Chile, Peru and the Philippines this year.
Click here to apply.
In past years, business trips supported by Export Delaware have resulted in:
To date, 96 Delaware companies have participated in the STEP program resulting in $48 million in new export sales and a projected $180 million in additional exports in the next two years.
Click here to learn more about the STEP program.
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