THE STATE TRADE AND EXPORT PROMOTION (STEP)
The STEP Program is a pilot export initiative to make matching-fund awards to states to assist small businesses enter and succeed in the international marketplace. Activities to support small business exporting under the STEP Program are provided to eligible small business concerns (“STEP Clients”) located in states, territories, and the District of Columbia.
The program’s objectives are to increase the number of U.S. small businesses that export and to increase the value of exports by small businesses.
STEP activities 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. The Program was appropriated $8,000,000 in in FY 2014 funding for the third round. For more STEP information follow the link.
Riverside County has been a strong supporter of the program and has implemented it throughout the county with dozens of EB-5 projects, principally for its economic benefits. To learn more about the EB-5 Immigrant Investor Program, please visit the U.S. Citizenship and Immigration Services website.
The Small Business Administration (SBA) provides a number of loan programs specifically designed to help develop or expand trade and export activities. Visit the SBA website for more information.
FINANCING YOUR SMALL BUSINESS EXPORTS
Learn about the government's loans, insurance and grant programs to help you become an exporter or expand your exporting business. for more information.