Massachusetts State Trade and Export Promotion (STEP) Grant
The Massachusetts Office of International Trade and Investment (MOITI), in collaboration with the Massachusetts Small Business Development Center (MSBDC) and the Massachusetts Export Center (MEC), recently launched the Massachusetts Small Business Export Promotion Grant Program (STEP) through a grant from the United States Small Business Administration (SBA). The program offers financial assistance to eligible Massachusetts small businesses seeking new and increased export sales of their goods and services.
Grants under the STEP Program will be capped at $10,000 per business to reimburse for costs associated with projects, activities or services undertaken during the period March 1, 2012 to September 29, 2012. Each grant recipient will be required to provide a match to cover 25% of the total approved cost for any project, activity or service.
MOITI will accept submissions for consideration from April 16 - May 15, 2012.
To apply for the STEP program, companies or firms must meet the U.S. Small Business Administration’s (SBA) definition of a small business. SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field. Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period.
To learn more visit http://www.mass.gov/hed/economic/eohed/moiti/step/ or contact us with any additional questions.
Please contact Feeley & Driscoll's Boston Accounting team by Email or call us at 1 (888) 875-9770.Share this article: