Michigan’s State Trade Export Promotion (STEP) Program
Posted by Amy Clickner on March 16, 2012
In the beginning of the year 2010 President Barack Obama set the goal for the United States to double its export growth over the next five years, a goal which he said has the potential to create two million jobs within U.S. borders.
Recently, Governor Rick Snyder made a trip to Asia that covered three nations and was intended to help facilitate Michigan business investment and export relationships to that part of the world. The Governor’s visit resulted in an agreement of strategic cooperation between Michigan and the Gyeonggi province of South Korea, which may result in opportunities for the state to partner with universities, private sector companies, and research centers within the province. This agreement coincides perfectly with the trade agreement between the U.S. and South Korea that was signed nearly 5 years ago, which took effect on March 15. This trade agreement is anticipated to open new markets and eliminate trade restrictions between the two counties on a wide range of goods, from industrial to agricultural products.
The program is designed to increase the number of Michigan companies that export and introduce current exporters to new foreign markets and buyers. This means you! Companies of 500 employees or less may be eligible for up to $25,000 in assistance to augment their ability to begin, or continue their exporting related activities, not to mention technical assistance to support your entry or expansion in the global marketplace. Visit www.michiganadvantage.org/STEP for more information on how your company can qualify for financial assistance in export-related activities.