Thanks to the success of our Utah companies over the past year, the State of Utah has received the largest increase in the country to our State Trade Expansion Program (STEP) Grant allocation, with $500,000 in grant funding coming to WTC Utah to help Utah small businesses enter and expand into dynamic global markets. WTC Utah administers these funds with a goal to increase the number of Utah businesses exporting and exploring significant new trade opportunities.
In addition to participating in a WTC Utah international trip–trade missions and trade shows–Utah companies can apply to receive STEP Grant funding for just about any costs associated with growing their business internationally, including these activities:
Foreign market sales trips
Services provided by the U.S. Department of Commerce
International trade shows
Fees for shipping sample products
Cost of compliance testing
Application export research tool subscription
Website translation into foreign language, search engine optimization, and localization services
Design of marketing media
Export conferences, meetings, symposium or training programs.
Awards offered through WTC Utah include individual grants of $2,000 – $3,000 for available activities occurring up until September 30, 2020. Qualified recipients may receive up to $10,000 during a STEP award cycle.
We encourage all interested Utah companies to reach out and see how WTC Utah can help you realize your global business potential. We further encourage our network of Utah’s business community to share this opportunity with their own networks. The benefits of utilizing WTC Utah’s resources come largely through engagement with the people, teams and organizations Utah’s thriving business is based on.
The review process for STEP is highly competitive. Apply today to see what awards your company is eligible for, and continue to follow WTC Utah news as further STEP-related opportunities are announced.
STEP is funded in part through a Grant with the U.S. Small Business Administration.