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KY Offers Grants To Small Businesses To Increase Exports

By Lane Report Staff

Kentucky’s Cabinet for Economic Development is now accepting applications from Kentucky small businesses for grant money made available through the State Trade and Export Promotion (STEP).

The grant program is part of a three-year trade and export promotion pilot initiative authorized by the Small Business Administration Act of 2010, which aims to increase the number of small businesses that export, as well as to increase the value of exports for companies that are currently doing so.

“By taking part in this initiative, more and more Kentucky companies will be able to grow their capacity, increase productivity and ultimately sell more of their services and goods abroad,” Gov. Steve Beshear said.

Successful grant applicants will be able to utilize the funds to perform market research, identify international customers, participate in trade shows, and even translate websites and marketing materials. Grants are available to Kentucky companies with fewer than 500 employees that meet revenue requirements set by the Small Business Administration.

Funding for the initiative expires in September. For more information on the STEP grant, visit kyexports.com and click on “assistance.”