Messe Düsseldorf North America - Trade Show Daily

STEP Grants: An Important Financial Resource for U.S. Exporters

Posted by Ryan Klemm on Fri, May 4, 2012 @ 11:12 AM

In the summer of 2010, U.S. President Barack Obama announced the formation of a program known as the National Export Initiative (NEI).  A focus of this initiative was the goal of doubling U.S. exports within 5 years and to give America a stronger competitive edge in the global market.  Later that fall, he signed into law the Small Business Jobs Act of 2010 – which provided the resources to assist small businesses drive economic recovery and create jobs, striving to attain the goals set forth in the NEI.   obama signing


ABOVE: President Obama signs the Small Business Jobs Act, September 27, 2010. (Win McNamee, Getty Images.)

 

The State Trade and Export Promotion (STEP) grant initiative, launched under the Small Business Jobs Act of 2010, is a pilot grant program authorizing up to US$ 90 million in grants to the 50 U.S. states (and additional territories) over a three year period to help them increase the number of businesses that export, and to increase the value of exports by small businesses.

In 2011, the STEP program awarded 52 grants totaling US $30 million – an average grant to a U.S. state or territory was US$ 577,000.

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Administered and distributed via most U.S. state-based economic development agencies, these funds are designated for authorized activities that including foreign trade missions, design of international marketing products, and of course:  OVERSEAS TRADE SHOWS SUCH AS THOSE ORGANIZED AND PRODUCED WORLDWIDE BY MESSE DUESSELDORF!

 
Each state has its own project plans and STEP grant dispersal procedures, so be sure to contact your state’s economic development agency for details (a full list can be found HERE).

Don’t delay:  There's money on the table.

Topics: Exports, International Trade Shows, President Barack Obama, National Export Initiative, STEP, Step Grant, SBA

Obama Lauds U.S. Exporters: MEDICA Exhibitor Attends White House Briefing

Posted by Ryan Klemm on Thu, Jul 22, 2010 @ 12:42 PM

San Fernando, California-based    Medical Illumination International is a leading medical lighting manufacturer for surgeries, minor procedure/examinations, oral surgeries, magnifying and UV "Woods" lights, and has been an annual exhibitor at  MEDICA in Düsseldorf, Germany for the past decade.

At the beginning of July 2010, the company was invited by the White House to attend a briefing by President Obama on his new National Export Initiative (NEI).  The participants received a first-hand explanation of the U.S. Government’s plans to increase its support of U.S. manufacturing businesses  - including the goal of doubling U.S. exports within five years, hammerig out   more trade agreements, increasing pressure on trading partners to further   open their markets to U.S. products, and a proposal to create an export   promotion cabinet.

Chosen as one of 150 American companies because of its strong embrace of export operations, Medical Illumination International was represented at the briefing by VP of Sales & Marketing Mr. Larry Debord.  U.S. President Barack Obama outlined his vision for this new export initiative, as well as the various facets of the program and how they would to be implemented, including more financial support for export promotion.

Messe Duesseldorf North America congratulates Medical Illumination International for its participation in this special and unique event, and for its embrace of exporting and seeking new markets overseas.

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President of the United States
 Barack Obama
Mr. Larry Debord
 Vice President, Sales & Marketing
 Medical Illumination International

Since 1982, Messe Düsseldorf North America has been a resource for US companies seeking new international market opportunities.  We have served as an international like to innumerable U.S. companies over the years, assisting with everything necessary to exhibit at or visit one of the trade shows organized by the Messe Düsseldorf group of companies in Germany, Czech Republic, South East Asia, China, India, Russia, The Middle East, and South America.

 

Topics: MEDICA, medical, medical equipment, trade show, international business, Messe Düsseldorf, Exports, International Trade, International Trade Shows, Medical Illumination International, The White House, President Barack Obama, National Export Initiative