U.S. SBA Names California as 2023 State Trade Expansion Program Awardee
September 6, 2023
Sacramento, CA – The U.S. Small Business Administration (SBA) announced that a grant totaling $700,000 has been awarded to the Governor’s Office of Business and Economic Development (GO-Biz) as part of the State Trade Expansion Program (STEP). STEP is a federally funded grant program that aims to increase export activities among small businesses. The program has helped thousands of small businesses across California sell their products and services overseas by covering various costs associated with entering and expanding into international markets.
Since the inception of the program in 2011, the State of California has received approximately $9 million in STEP funding to support small businesses with exporting activities. These activities can include participating in foreign trade missions and international trade shows, globalizing websites and engaging in ecommerce, designing international marketing campaigns, and other important means of engagement.
