October 21, 2020
Thursday, October 18, 2012
Contact: Stuart Doyle
Enterprise Florida wins $1.1M SBA grant for export promotion
2012 is second consecutive year SBA has awarded a STEP grant to Enterprise Florida
ORLANDO, FL (October 18, 2012) – Enterprise Florida has been awarded a $1.1 million State Trade and Export Promotion (STEP) Grant by the U.S. Small Business Administration (SBA).
This marks the second consecutive year that Enterprise Florida has received a STEP, which is a $30 million program that provides states and U.S. territories with funds to enhance their export promotion activities. Last year, Enterprise Florida was awarded $780,786.
“International business is an important cornerstone of Florida’s economy,” said Secretary Commerce Gray Swoope, who serves as Enterprise Florida’s president & CEO. “The STEP grant enables us to further expand our international trade programs, which center on job creation.”
Launched in 2011 under the Small Business Jobs Act, STEP focuses on increasing both the number of small businesses desiring to export and the value of exports for companies already engaged in global trade. Manny Mencía, Enterprise Florida’s senior vice president of International Trade & Development, cites two main objectives for the programs his division is implementing: 1) to aid small Florida producers who do not export or do so only infrequently take advantage of international opportunities, and 2) to help small manufacturers diversify their international sales. “The grant presents a great opportunity for small and medium size enterprises. It allows them to take advantage of overseas tradeshows and missions because we will be able to provide them with funding to offset their costs,” Mencía explains.
More specifically, Enterprise Florida will use its STEP grant to help Florida’s small and medium sized businesses (under 500 employees) establish and expand their international reach through:
·Target Sector Trade Grants – These Enterprise Florida grants pay half of the cost of a tradeshow booth (up to $7,500) for qualified businesses considering participation in Enterprise Florida’s and other overseas tradeshows.
·Cost assistance for customized export marketing plans — In partnership with the Florida Small Business Development Center Network, Enterprise Florida offers qualified manufacturers and services providers direct cost assistance with the development of their customized export marketing plans. Once plans are complete, Enterprise Florida funds the cost of a Gold Key Matching Service provided by the U.S. Commercial Service.
·Free Gold Keys — For three trade missions beginning with Governor Rick Scott’s Team Florida Trade Mission to Colombia in December. Other trade missions will be announced in 2013.
More information is available at www.eflorida.com/export.
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Enterprise Florida, Inc. (www.eflorida.com) is a partnership between Florida’s business and government leaders and is the principal economic development organization for the state of Florida. Headquartered in Orlando, Enterprise Florida’s mission is to facilitate job growth for Florida’s businesses and citizens leading to a vibrant statewide economy. In pursuit of its mission, Enterprise Florida works closely with a statewide network of economic development partners and is funded both by the State of Florida and by private-sector businesses.