Office of International Trade: Virginia
Federal Funding: $734,002
Sixteen eligible small businesses will be selected in three target industries and will receive $20,000 in STEP funds throughout the course of the fiscal year to promote export growth. These companies will be in a start-to-finish STEP program for the duration of the federal fiscal year. The primary target markets are health and wellness with a trade mission to United Arab Emirates, energy with a trade mission to Germany and Poland, and defense with a trade mission to Germany and Poland. The expected outcome for companies participating in the full STEP program is $10,700,000. The final component of the Virginia STEP program will be to have funding available to companies that do not fit within the three target industries or are not ideal candidates for the Digital Export Accelerator (DXA) program. The expected outcome for these activities is $13,500,000.