Payne, Jr. Announces Export Development Award to New Jersey

Aug 24, 2015 Issues: Economy and Jobs, Local Issues

Newark, N.J. – Today, Congressman Donald M. Payne, Jr. (NJ-10) announced that the U.S. Small Business Administration has awarded $498,000 to the New Jersey Business Action Center through the State Trade and Export Promotion (STEP) Program. The purpose of the STEP Program is to increase the number of U.S. small businesses that are exporting and increase the dollar value of small business exports. 

“As a member of the Committee on Small Business, I know how critically important it is to our economy to enable exports by U.S. small businesses,” said Congressman Payne, Jr. “Small businesses are the backbone of our economy—their exports sustain millions of American jobs and allow us to increase our global competitiveness. This award will provide New Jersey small businesses with the tools and resources they need to succeed internationally and drive continued economic growth here at home.”

The STEP Program award will support eligible New Jersey small business’ participation in foreign trade missions, subscriptions to U.S. Department of Commerce Services, tradeshow exhibits, website translations, and global trade seminars.

Each state designs its own STEP Program to best meet its export development needs. New Jersey small businesses looking to obtain assistance under the STEP Program should click here.