Montana steps up local business with STEP grants
MONTANA — Montana Department of Commerce was awarded $347,688 in State Trade and Export Promotion (STEP) grants. The state will use them to support local businesses with funding to further the company’s accessibility and reach in the global corporate market.
The grants are available to states that apply for through the national STEP program. The funding is given to eligible local businesses to promote travel, language translation, foreign market sales trips and trade missions into previously untapped markets. The program is a pilot initiative authorized by the Small Business Jobs Act of 2010 to increase small business’s efficacy in the global trade sphere. It is primarily to promote small businesses to increase their import and export power.
For more information about Montana’s STEP program, visit the website here.