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