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SBA STEP Program Helps Small Businesses with Exporting

March 22, 2019 / Michael Guta
SHARESHARESHARE

Small businesses earn trillions for the U.S. economy. And they employee tens of millions of people too. But when it comes to exports they face an uphill climb.Luckily a government program seeks to help small businesses. The State Trade and Expansion Program (STEP) offers money and assistance to help small businesses become exporters.Democratic Rep. Abby Finkenauer from Iowa held a recent hearing to try to tweak the program. Finkenauer now serves as Chairwoman of the Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship.Congress launched STEP after the global financial crisis. The hearing looked at the tough times small businesses face in the export market. It also focused on businesses in rural areas.