The SBA Office of International Trade and the STEP Program as Key Tools for Recovery and Expansion [Video]

EventID=115008

The hearing will review the Small Business Administration’s (SBA) State Trade Expansion Program (STEP). The Small Business Jobs Act of 2010 authorized the SBA to establish a threeyear State Trade and Export Promotion pilot grant initiative to increase the number and value of small business exports. Later, through the Trade Facilitation and Trade Enforcement Act of 2015, the SBA was directed to formerly establish the State Trade Enhancement Program (STEP) to provide grants to states to increase the number of exporting small businesses, particularly in States with a small number of small businesses exporting or proposals that would assist rural, womenowned, and socially or economically disadvantaged small businesses. This hearing will allow Members to hear the states’ and small business perspective on STEP and its effectiveness in providing exporting opportunities for small businesses.