Delaware gets federal small business export funding

For the fifth year in a row, the Delaware Department of State has received a State Trade and Export Promotion (STEP) award from the U.S. Small Business Administration.This year’s award totals $268,096 and will be used to support the state’s efforts to assist small Delaware companies in entering and developing markets overseas.The program’s objectives are to increase the number of U.S. small businesses that expor The STEP Grant program makes matching-fund awards to states to assist small businesses in the international marketplace. Delaware will match the SBA grant with $89,365, bringing the total available for export efforts to $357,461.To date, 96 Delaware small businesses have participated in the program. According to state figures, small businesses report $48 million in new export sales, and project over $180 million in additional export sales in the next two years. In addition, 27 Delaware jobs have been created.