Michigan companies with fewer than 500 employees can now qualify for financial assistance for export-related activities. Launched by the U.S. Small Business Administration, this program is designed to increase the number of Michigan companies that export and introduce current exporters to new foreign markets and buyers.
Direct reimbursements to qualified small and medium-size export (SME) companies may be available to develop or expand export-related activities through cost reimbursement of 50 percent of allowable export-related activities. Eligible companies may qualify for up to $25,000 in assistance to enhance their ability to launch or grow export operations in Michigan.
Approved funds may support (but are not limited to) the following activities:
Overseas trade mission participation
Overseas trade show participation
Foreign market sales trip
Subscription to U.S. Department of Commerce services
Foreign language translation services for export marketing materials and web site assets
Michigan companies with fewer than 500 employees that meet the eligibiity requirements.