SBA grant aids international trade for state’s small businesses

DENVER — The Colorado Office of Economic Development and International Trade and the Colorado Department of Agriculture will use a $256,059 grant from the The U.S. Small Business Administration to promote trade missions targeting small businesses.

Through the State Trade and Export Promotion grants, OEDIT and CDA will run eight trade missions that connect Colorado small businesses to international buyers and will also have funding available for individual international business development activities.

The key industry programs include:

  • Medica in Düsseldorf, Germany, Nov. 13-16.
  • Mobile World Congress in Barcelona, Spain, Feb. 26-March 1.
  • ANTAD in Guadalajara, Mexico, March 5–7.
  • Hannover Messe in Hannover, Germany, April 23-27.
  • Bar at National Restaurant Association Show, Chicago, May 19–22.
  • The Green Expo in Mexico City, Mexico, September, 2018.
  • Americas Food and Beverage Show, Miami, September, 2018.
  • Speciality and Fine Food Fair, London, United Kingdom, September, 2018.

“ With STEP funds, small businesses are able to learn the basics of exporting, participate in group trade missions to trade shows, travel for an individual international sales trip and develop websites or international marketing campaigns,” said Stephanie Copeland, OEDIT’s executive director.

Last year, Colorado’s STEP award helped small business across Colorado participate in trade shows in Munich, Mexico City and Sao Paulo, Brazil.

Nationwide, the SBA awarded 44 State Trade and Export Promotion awards valued at $18 million to support activities that increase exporting by small businesses.