STEP Program Expands Funding for Kentucky's Small Businesses

Monday, February 11, 2019

Companies may receive up to $10,000, twice the funding available in previous years

FRANKFORT, Ky. – Eligible Kentucky small businesses can now receive even more funding to help them begin exporting or expand their export market through the State Trade Expansion Program (STEP).

Each company selected may now receive up to $10,000 in grant funding, twice the amount available the past several years. Businesses previously awarded a $5,000 grant in the FY2018 cycle, now have an additional $5,000 to use by Sept. 29.

STEP grants provide businesses reimbursement for a variety of trade-related costs, including travel expenses, market research and matchmaking, translation services, export education, trade advisory services, compliance, international marketing media design and other associated costs.

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