Market Expansion Grant
Market Expansion Grant supports Wyoming businesses with trade shows, domestic trade missions, and targeted marketing to overcome barriers to new out-of-state markets and pursue measurable sales opportunities.
Funder: Wyoming Business Council
Due Dates: Applications: at least 30 days before activity | Reimbursement requests: within 30 days after activity | Final report: June after activity
Funding Amounts: 75% of approved expenses, up to $4,000 per grant; maximum two grants per fiscal year
Summary: Supports Wyoming businesses pursuing measurable sales opportunities in new markets outside the state.
Key Information: Businesses must receive approval before starting activities and pay costs upfront for later reimbursement.
Description
The Wyoming Business Council’s Market Expansion Grant helps private, Wyoming-based for-profit businesses overcome barriers to entering new markets outside Wyoming. It supports opportunities businesses would not otherwise be able to pursue, with an emphasis on measurable sales potential and the ability to fulfill resulting orders. Local market development does not qualify.
Supported activities may include exhibiting at trade shows, domestic trade missions, federal government matchmaking events, packaging or marketing-material upgrades, targeted marketing campaigns, and other approved market-development efforts. Activities should address a new market and provide an appropriate venue for the company’s industry. Companies pursuing international export markets should apply for State Trade Expansion Program (STEP) funding instead.
