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Montana Department of Commerce Secures Federal Grant to Increase Montana Exports
Funds Awarded by U.S. Small Business Administration will Support Montana Businesses
A federal grant used to fund export programs at the Department of Commerce will help Montana businesses expand to international markets.
The U.S. Small Business Administration awarded Commerce $325,000 through a State Trade Expansion Program (STEP) grant, which the department will match in-kind with another $108,333. Funds in turn will be awarded to Montana businesses for eligible export activities.
"International sales are a major part of Montana’s economy, as exports last year hit a record $1.6 billion," said Commerce Director Pam Haxby-Cote. "The STEP grant funds programs to help small businesses tap into the incredible potential for growth that exports can provide."
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