New Export Assistance Funds Available For Michigan’s Small Businesses MEDC Receives Maximum STEP Award, Largest In Nation

The Michigan Economic Development Corporation today announced a seventh year of financial assistance to Michigan small and medium-sized businesses for export-related activities through the MEDC International Trade Program.

The U.S. Small Business Administration (SBA) awarded Michigan the maximum State Trade Expansion Program (STEP) grant of $800,000 for fiscal year 2019. The Michigan Strategic Fund is providing an additional $266,666 to support the Michigan STEP initiative (MI-STEP).More