State lands $495,000 federal grant to help Indiana’s small businesses expand into global markets • Northwest Indiana Business Magazine
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State lands $495,000 federal grant to help Indiana’s small businesses expand into global markets

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The state of Indiana received a $495,000 grant from the U.S. Small Business Administration to help small businesses find new markets for Hoosier-made goods around the world.

The state said the Indiana Economic Development Corp. will add an additional $165,000 to increase funding for programs to help small businesses with exporting, bringing available dollars to $660,000. The federal dollars were awarded through the State Trade and Export Promotion grant, which is managed by the SBA’s Office of International Trade.

“As we work to remain competitive in today's global economy, Indiana recognizes the need to cultivate mutually beneficial partnerships around the world and ensure our businesses and people are connected to international markets,” Gov. Eric Holcomb said. “With the federal STEP grant, we'll help Indiana-based small businesses grow and sell Hoosier-made goods across the globe.”

Through the program, eligible small businesses can apply with the Indiana Economic Development Corp. for reimbursements of export-related activities including participating in international trade missions, foreign trade shows and export educational programs, as well as other export services provided by the U.S. Department of Commerce.

According to the U.S. Census Bureau, Indiana ranks in the top 15 exporting states, with Hoosier businesses shipping products and goods including automotive parts, pharmaceuticals and agricultural commodities to global customers.


2 thoughts on “State lands $495,000 federal grant to help Indiana’s small businesses expand into global markets”

  1. I would like to know how to apply for some of this grant to expand my international business to Europe. We currently have a substantial international business in Asia but are weak in Europe.

    1. Hello: The program is run by the Indiana Economic Development Corp. According to the IEDC website, they’re still working on the details on how people can apply for the grant.. If you’re seeking more assistance, the IEDC does have staff available to assist you. I’d suggest reaching out to Matt Saltanovitz, (p) 219.798.0618 or He’s the Northwest Indiana representative for the IEDC and I am certain he can steer you in the right direction.

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