The State Trade Expansion Program (STEP) Grant offers eligible Delaware businesses assistance to help launch or expand export activity. Grant funds can be used to reimburse Delaware businesses for up to 50 percent of all pre-approved, eligible, export marketing expenses, up to a maximum of $5,000 per fiscal year, per company. Delaware companies can receive funding for a maximum of three times, per country market, in a five-year period. For more information, contact the Export Delaware Export Team.
Please note that the STEP Grant is only available to companies with a physical operation and employees in Delaware.
Registration fees, standard booth space, standard build out for trade shows
Trade mission fees
Currency exchange fees
Meeting space audio/visual for reverse trade missions
Other associated and allowable travel expenses
Fees for shipping sample products (capped at $2,000) per ESBC per award year
Cost of compliance testing an existing product for entry into an export market (capped at $2,000) per award year
Export research tool subscription used to assist STEP Clients with market research (capped at $1,000) per award year
Website development (translation into foreign language, search engine optimization, localization services capped at $3,000 per ESBC per award year
STEP Grant Unallowable Expense Reimbursements:
Passport or visa fees
Expenses related to entertaining current or prospective clients or government officials
New product development or alteration of existing products
Equipment, cellphones and cellphone charges
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
Additional Funding For Export Activities
Additional capital resources are available from the federal government and other organizations for export activities. Options range from tax credits to low interest loans, and other financing plans. Search here to find the right option for your business.
Name of Incentive: International Trade Loan Program
Issuing Organization: SBA
Details: Loans available to small businesses in a position to expand existing export markets or develop new export markets, or that have been adversely affected by import competition and can demonstrate that the loan proceeds will improve their competitive position.