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SBA Awards $19 Million to Expand Small Business Exporting NH’s Office of International Commerce Receives Award for 9th Year

Release Date: 
Tuesday, October 6, 2020
Release Number: 
NH 21-001
Cheryl A. Croto

Concord - The U.S. Small Business Administration (SBA) announced  that 48 state international trade agencies successfully competed for $19 million in grants to support export growth among small businesses through SBA’s competitive State Trade Expansion Program (STEP).  The New Hampshire Division of Economic Development’s Office of International Commerce is the 2020 grant recipient of  the $225,427 award.

STEP is designed to help small businesses take advantage of these opportunities by increasing the number of small businesses that export, the value of their exports and the number of small businesses that explore significant new trade opportunities.  Expanding the base of small business exporters and streamlining the process is a key component of the Administration’s small business strategy. Since the creation of the STEP program 10 years ago, SBA has awarded approximately $157 million in grants to fund export opportunities to increase the footprint of small businesses in countries all over the world. 

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