Around the world, small and medium enterprises (SMEs) are considered by their respective economies to be the engines of growth, innovation and jobs. This is especially true in the United States. It has been just over two years since the Obama Administration announced the National Export Initiative (NEI) to increase American jobs by 1.) increasing the number of companies exporting and 2.) expanding the number of markets that US exporters sell their products and services. While reading about the progress of the NEI, four interesting facts about US exporters caught my eye:
To learn how your company can apply for STEP grant funds to support export activities, TradeMoves recommends you check out the Small Business Administration’s STEP grant fact sheet and contact your state's STEP grant administrator via the map of grants by state. It may be free money for your business to help expand sales overseas.
Shawn Marie Jarosz