WEDC receives $712,000 grant to help Wisconsin exporters


Sept. 21, 2015

MADISON — The Wisconsin Economic Development Corporation announced Monday it received a $712,000 grant from the U.S. Small Business Administration to help Wisconsin companies achieve their export goals.

The grant represents the fourth largest amount received by the 40 states approved for a portion of the $17.4 million of funding available through the State Trade and Export Promotion Program, according to the announcement.

WEDC will use the funds to allow companies to utilize two of the agency’s export readiness programs including ExporTech participants, which is an export acceleration program funded by WEDC and administered by the Wisconsin Manufacturing Extension Partnership and the UW-Stout Manufacturing Outreach Center. ExporTech participants will be able to utilize funds from the SBA STEP Program in increments of $2,500 up to a total of $15,000 to help them implement their export plans.

In addition, any Wisconsin company can tap STEP Grant funds to attend an upcoming trade venture organized by WEDC or the Wisconsin Department of Agriculture, Trade and Consumer Protection.