• FY21 STEP Funding Available for up to 75 Percent of Eligible Export Activities

    October marks the beginning of a new fiscal year at MEDC and the International Trade Program has a new allocation of Michigan State Trade Expansion Program (MI-STEP) funds available. MI-STEP helps companies increase their reach in international markets by providing financial assistance to offset the cost of eligible export activities. On Sept. 22, 2020, the U.S. Small Business Administration (SBA) presented Michigan with the top STEP award in the nation of $1.35 million for fiscal year 2021. With additional state match funding, total funds available are $1.85 million.

    Qualifying companies are eligible for up to $15,000 to offset 75 percent of pre-approved expenses per fiscal year. Companies must meet the eligibility criteria to qualify for funds and seek to export goods or services that have at least 51 percent U.S. content. All activities must take place from Oct. 1, 2020 through Sept. 30, 2021.

    Reimbursable Export Activities
    Export activities that are reimbursable through the program include:

    • Participation in foreign trade missions
    • U.S. Department of Commerce services
    • International website design, development, and translation; search engine optimization and localization maintenance and monitoring; e-commerce fees including hosting and maintenance
    • Design and translation of international marketing media, including social media and digital ad placements
    • International trade show participation, including virtual
    • Foreign sales trips, including virtual
    • U.S.-based international trade show participation, including virtual
    • Export training workshops
    • Reverse foreign buyer missions (meeting space/audio visual)
    • Export compliance testing
    • Sample product shipping
    MI-STEP Resources Have questions? Need access to the Project Portal to apply for STEP? Send your full name, job title, and email address to your International Trade Manager to request a username and password.

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 PO Box 54, Clawson, MI 48017

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