Gov. Andy Beshear this week announced new federal funding is available to help build the global presence of Kentucky-based companies.
The $400,000 in State Trade Expansion Program (STEP) funds comes from the U.S. Small Business Administration (SBA), bringing federal funding to 75% of the project. The funding will help more companies increase their presence in global markets, in turn creating economic growth and additional jobs for Kentucky residents.
“This grant program has helped hundreds of Kentucky businesses become exporters, boosting economic development and momentum across our state,” said Gov. Beshear. “We know that small and medium-size businesses are crucial to the success of our economy and workforce. Gaining the resources to empower even more of our great companies to access international markets is a huge win for Kentucky businesses, as well as the families and communities they support.”…