The U.S. Small Business Administration (SBA) has awarded the Mississippi Development Authority $600,000 for the State Trade Expansion Program (STEP) to support businesses interested in international trade. The funding is "instrumental" for Mississippi businesses wanting to grow business through international trade opportunities, said MDA Deputy Director Laura Hipp. STEP funding is to be used to support export development and trade endeavors for eligible small businesses. Since 2019, STEP funds to Mississippi have assisted 200+ firms participating in state-led global business development missions, which resulted in $77M+ in actual and projected sales. MDA’s International Trade Office administers the program to aid in reducing some financial obstacles qualifying businesses may face. Mississippi companies interested in learning about STEP funding may contact MDA’s International Trade Office at (601) 359-3155 or go to mississippi.org/trade. (Vicksburg Daily News 09/23/22) State to receive grant to assist businesses interested in beginning or increasing international trade - Vicksburg Daily News (vicksburgnews.com)
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