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SBA Grant Awarded to Assist Iowa Companies Grow and Expand Export Markets

For more information contact:

For more information contact:

 

Tina Hoffman, 515.725.3150

communications@iowaeda.com

 

 

Iowa Economic Development Authority Awarded SBA Grant to Assist Iowa Companies Grow and Expand Export Markets

 

Des Moines, IA (September 27, 2011) -  The Iowa Economic Development Authority is pleased to announce the receipt of a State Trade and Export Promotion (STEP) grant in the amount of $370,258.00 from the U.S. Small Business Administration.  The STEP Pilot Grant Initiative provides grants to states for small business exporting assistance programs. The aim of the STEP Initiative is to increase the number of small businesses that are exporting and increase the value of exports for those small businesses that are currently exporting.

Iowa Governor Terry Branstad has made a commitment to increase Iowa exports by 20 percent over the next five years.  Debi Durham, director of the Iowa Economic Development Authority said, “Today’s announcement builds on our goal to grow Iowa’s economy and create jobs by increasing exports.  These programs will not only enhance the current activities of our International Trade Office but also provide Iowa companies with the resources necessary to elevate their global presence.”

The Iowa Economic Development Authority will disburse grant funds via the following programs to help eligible Iowa companies develop or expand their export markets:

 

Technical Trade Assistance Program (TTAP) - Iowa Economic Development Authority’s International Trade Office will provide an assessment of a company’s export needs, provide consultation and linkage to a variety of export resources at the local, state and federal levels

 

Domestic Trade Assistance Program (DTAP) - Provides up to $3,000 assistance per occurrence to participate at a domestic trade show with an international buyers program

 

Expanded Export Trade Assistance Program (ETAP) - Provides up to $4,000 per occurrence, up to three times in the fiscal year, to help defray expenses when participating at a trade show or on a trade mission outside of the U.S.

 

Product Trade Assistance Program (PTAP) - Provides up to $5,000 per occurrence to assist a company in adjusting product or product certification to expand export opportunities

 

Funding will be available October 1 through the International Trade Office of the Iowa Economic Development Authority. To learn more about the STEP grant and how your company can benefit, e-mail: international@iowa.gov or contact Lisa Longman at 515.725.3139.

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Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
email: Email Us

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