Indiana Secures Funding to Help Entrepreneurs, Small Businesses Sell Products Globally
23 Sep 2022
The Indiana Economic Development Corporation will receive $300,000 in competitive grant funding from the U.S. Small Business Administration (SBA) to support export opportunities through the Indiana State Trade and Export Promotion (IN-STEP) program, which helps Indiana small businesses identify, market and sell Hoosier-made goods in international markets.
IN-STEP, which supports company growth and job creation by expanding and diversifying small businesses’ customer bases, offers eligible companies reimbursements of costs associated with export-related activities, such as participating in international trade missions, trade shows, export educational programs, and export services provided by the U.S. Department of Commerce. The program first launched in January 2020, and with this new grant, it will make funding for Indiana available through September 2024 or until all funds are distributed.