By Kate Hodel
October 11, 2011
Exporters get a bid boost from federal grant
Missouri is shooting high to top its export record for 2010, and has a new program to help. Governor Jay Nixon recently announced a federal grant of almost $1 million to help increase the number of small businesses which export and the overall volume of state exports.
The program is called Missouri State Trade and Export Promotion equals Unlimited Possibilities (MO STEP-UP. Through MO STEP-UP, new-to-market exporters and new-to-export small businesses can apply for funds to offset the costs of taking part in activities designed to increase export sales. These include foreign trade missions and market sales trips, payment of translation fees, services from the U.s. Department of Commerce and more.
MO STEP-UP hopes to assist a minimum of 300 new-to-market companies and 50 New-to-export companies.
Last year Missouri set a record for exports, with a 35 percent increase over the previous year. Through the first two quarters of 2011, state exports were up another 13 percent.
Missouri companies can also take part in other support programs such as the Missouri Wine Branding campaign in China, the Biosciences Project in Israel, the Health Science Services and Equipment project in Saudi Arabia and the Feed, food and Forestry project in Vietnam.
For more information contact the Missouri Department of Economic Development at 573.751.4962.