Description
The State Trade Expansion Program (STEP) is a grant program that aims to support states in their efforts to increase exports and promote economic growth. The program is administered by the Small Business Administration (SBA) and provides funding to eligible non-federal entities, such as state agencies or other entities designated by the state governor. The program has a cost-sharing or matching requirement, where non-federal entities may not use program income for the purpose of meeting their match. The estimated total program funding is $20 million, with an award ceiling of $900,000 and an award floor of $100,000.
• The program is open to all states in the United States, as well as the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, the Commonwealth of Northern Mariana Islands, and American Samoa.
• Eligible applicants must be officially designated by the state governor or equivalent as the sole applicant and lead entity for conducting the state's trade and export activities.
• The program requires a written designation from the state governor or designee, which must include an acknowledgement that the governor has authorized the designee to sign the letter on their behalf.
• The program has a competitive selection process, with an expected number of awards of 56, subject to available funding.