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SBA Announces FY 2017 State Trade Expansion Program (STEP) Awards

SBA Awards $200,000 to Expand New Mexico Small Business Exporting
Release Date: 
Friday, September 29, 2017
Release Number: 
09-17A NM
Contact: 
Jordan Ripley, 505-248-8250

ALBUQUERQUE, N.M. – The U.S. Small Business Administration (SBA) awarded a $200,000 State Trade Expansion Program (STEP) Award to the New Mexico Economic Development Department Office of International Trade.  The funds will be used to help New Mexico small businesses begin or expand exporting.

The award is one of 44 made to international trade agencies throughout the country.  The SBA announced a total of $18 million in funding that has been awarded through SBA’s competitive State Trade Expansion Program (STEP).

STEP is designed to increase both the number of small businesses that begin to export and the value of exports for small businesses currently exporting.  Expanding the base of small business exporters and making the process as easy as possible is a key component of the Administration’s small business strategy.

“The awards will provide a solid foundation for small businesses planning to enter and set them up for success,” said SBA Administrator Linda McMahon.

The 2017 STEP awards will allow states to assist small businesses with the information and tools they need to succeed in export related activities that are in line with the objectives of the program. These objectives include participation in foreign trade missions, foreign market sales trips, services provided by the U.S. Department of Commerce, as well as design of international marketing campaigns, export trade show exhibits, training workshops and more.

STEP awards are managed and provided at the local level by state government organizations. The program is managed at the national level by the U.S. Small Business Administration’s Office of International Trade.

See the full list of STEP awardees for FY 2017.

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About the Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. To learn more about SBA, visit http://www.sba.gov.

Related State: 
New Mexico