2020 STEP grants

October 28, 2020
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In September SBA announced a total of $19 million in grant awards to fund 46 state international trade agencies in the program’s ninth grant cycle. The principal goals of STEP include increasing the number of small businesses that explore significant new trade opportunities and that export, as well as the value of those exports.

container ship at sunrise

container ship at sunrise

Eleven ETC jurisdictions were awarded STEP grants totaling approximately $5.7 million, a decrease from $6.3 million last year. Of note in this year’s STEP cycle, the New Jersey Business Action Center, headed by former ETC board member and current STEP Director Eddy Mayen, was awarded the largest grant in STEP’s history, valued at $1.3 million.

Total Value of STEP Awards

STATE

2019

2020

Connecticut

$400,000

$400,000

Delaware

357,461

66,667

Maine

459,333

614,667

Maryland

733,333

465,333

Massachusetts

666,667

540,941

New Hampshire

333,333

300,563

New Jersey

933,333

1,333,333

New York

933,333

384,615

Pennsylvania

666,667

826,666

Rhode Island

498,669

407,859

Vermont

408,560

400,000

ETC TOTAL

$6,390,689

$5,740,644

Puerto Rico

400,000

513,240

U.S. Virgin Islands

150,000

0

CSG East TOTAL

$6,940,689

$6,253,884

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