State Trade Expansion Program (STEP)
The State Trade Expansion Program (STEP) from the Vermont Agency of Commerce and Community Development funds export-related research, training, and market development for Vermont small businesses seeking international growth.
Funder: Vermont Agency of Commerce and Community Development
Due Dates: Rolling (applications accepted year-round, prior to activity)
Funding Amounts: Up to $30,000 per business per year (covers up to 75% of eligible, pre-approved export-related expenses)
Summary: Supports Vermont small businesses to enter or expand in international markets by reimbursing export-related activities.
Key Information: Requires 25% cash match; must apply before incurring expenses; separate application needed for each activity.
Description
The State Trade Expansion Program (STEP) provides financial assistance to Vermont small businesses seeking to launch or grow their export activities. Administered by the Vermont Agency of Commerce and Community Development and funded by the U.S. Small Business Administration, STEP reimburses a range of export-related expenses, including participation in trade shows, trade missions, market research, e-commerce upgrades, and export education. The program aims to increase the number of Vermont exporters, boost export sales, and create jobs by supporting relationship development and strategic export planning.
