World Trade Center Utah Receives $1,050,000 State Trade Expansion Program STEP Grant

©iStock/mj0007

SBA announced that World Trade Center Utah (WTC Utah) will receive a State Trade Expansion Program (STEP) Grant of $1,050,000 on behalf of the State of Utah.  

Utah’s export growth rate has been the highest in the nation for the past two years. Eighty-five percent of Utah’s exporters are small businesses, and international sales add $5 billion across the state in additional revenue for these small business exporters.

Exporting is an important tool for small businesses to grow revenue and boost local economies. STEP is designed to assist states with increasing the number of small businesses that export and the value of those exports.  

Read on to learn more about how Utah received a STEP grant to accelerate global growth of businesses.