Program Overview State Trade Expansion Program
Description: Program Overview State Trade Expansion Program (STEP) Funded in part by a grant with the U.S. Small Business Administration (SBA) Three Goals 1) Increase the number of small businesses that export 2) Increase the value of exports 3)
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slide2. Program Overview State Trade Expansion Program (STEP)
Funded in part by a grant with the U.S. Small Business Administration (SBA)
Three Goals
1) Increase the number of small businesses that export
2) Increase the value of exports
3) Increase the number of small businesses exploring significant new trade opportunities<br>
slide3. Guidelines
Minimum / Maximum Award Amounts
Minimum Award = $2,000
Maximum Award = $10,000
35% cash match requirement
Required Reporting
Up to 4 reports will be required Financial Assistance Award (FAA)<br>
slide4. Financial Assistance Award (FAA)
Refer to FAA Guidelines – Section G Program Limitations
One application for up to $10,000 on a single project per application period
Maximum of 3 Financial Assistance Awards during the grant period, September 30, 2018 – September 29, 2020
Same project may not be funded more than a total of three (3) times per company<br>
slide5. Eligible Applicants Refer to FAA Guidelines - Section C Self-Representation as an “Eligible Small Business Concern”
Organization/Corporation in US
Operates in US
Meets Size Standards
NAICS
Size Chart
1 year in business
Resources to fund export<br>
slide6. Request your grant portal login as soon as possible but at least a 48 hours before application deadline
Email: tina.salisbury@commerce.Idaho.gov
If you have previously applied for a grant through the portal you will use that same login
You can reset your password on the login screen
Best practice – download budget first from the STEP webpage
Idaho Grants Portal Apply Online!<br>
slide7. Governor’s or foreign trade mission
Foreign market sales trips
Services provided by the U.S. Department of Commerce (International Partner Search, Gold Key and Platinum Key)
U.S. Commercial Service - Export Assistance Center of Idaho
International Trade shows Eligible Activities Refer to FAA Guidelines - Section B<br>
slide8. Expenses Refer to FAA Guidelines - Section D & E Airfare
Fly America
Guidance/Waiver/Open Skies
Economy or Economy Plus ONLY
Receipt must show name of traveler and flight class
Hotel
Meals & Incidental Expenses (M&IE)<br>
slide9. Ineligible Expenses Refer to FAA Guidelines - Section E Travel expenses for importers/distributors or in-market company representatives
Printing
Passport or visa costs
Cell phone charges
Website
Product development, alteration or enhancement
CE Mark<br>
slide10. Budget and Request for Reimbursement (RFF) 2 in 1 Template Your one stop for:
budgeting for this application
and, if awarded:
same document worksheet is used for your reimbursement request upon completion of the project<br>
slide11. Details, Details, and… Idaho Grants Portal – the meat of the application
Key application questions & best answers:
Question: Provide details on what market research or other activities you conducted that led the company to choose the market & this specific activity. Include the following: who your customers are, sales channels, market demographics, mark regulations and tariffs.
Answer: France is one of the EU’s dominant players in aerospace, with a vertically developed industry that is estimated to be worth $15 billion. France’s aerospace industry is involved in development of helicopters, avionics, and jets for defense forces, passenger aircraft for civil aviation, weapons and several other aeronautical projects. Many private institutions and aerospace industries base their primary location in France. The French government has taken many initiatives that encourage new aerospace research and development in the region to give boost to the aerospace industry. Our customers vary between small municipal airports and maintenance repair operations, to avionics developers, large commercial airlines and military bases. This wide array of customers encompasses our demographics simply because the need for our equipment is standard throughout aviation; anyone who flies or repairs a plane of any type requires nearly everything in our product line. Sales channels are carved out through the following which include but are certainly not limited to: direct distribution and representation, personal references, the internet which includes our online webstore, ads within trade publications such as Ground Support Worldwide and Trade-a-Plane, and requests for leads from current customers. Regarding tariffs - free trade agreements with Chile, Mexico, Canada and other countries get our US-made products imported at competitive price points. We deal with tariffs on a country-by-country basis. Currently, our HS codes for our products have not been affected by the retaliatory tariffs imposed by the EU.<br>
slide12. …More Details Uploading documents – be patient
VERY COMPETITIVE!<br>
slide13. So You’ve Summitted an Application…
Now What?<br>
slide14. Selection and Scoring Criteria
Refer to FAA Guidelines - Section G Scoring Requirements
Risk Ratings
Notice of Awards or Notice of Non-Funding<br>
slide15. Bonus Criteria:
(up to 12 points available) Rural
Woman Owned
Veteran or Service-Disabled Veteran Owned
Socially & Economically Disadvantaged
New to STEP<br>
slide16. A copy of the power point can be found on our website
https://commerce.idaho.gov/idaho-business/international-trade/step-grant/ Contacts:
Tina Salisbury, Idaho Department of Commerce
Idaho STEP Project Director
Phone: (208) 287-3164
Email: tina.salisbury@commerce.idaho.gov
Chelsea Conlon, Idaho State Department of Agriculture
STEP Lead
Phone: (208) 332-8678
Email: Chelsea.Conlon@isda.idaho.gov
Funded in part through a grant with the U.S. Small Business Administration<br>
Funded in part by a grant with the U.S. Small Business Administration (SBA)
Three Goals
1) Increase the number of small businesses that export
2) Increase the value of exports
3) Increase the number of small businesses exploring significant new trade opportunities<br>
slide3. Guidelines
Minimum / Maximum Award Amounts
Minimum Award = $2,000
Maximum Award = $10,000
35% cash match requirement
Required Reporting
Up to 4 reports will be required Financial Assistance Award (FAA)<br>
slide4. Financial Assistance Award (FAA)
Refer to FAA Guidelines – Section G Program Limitations
One application for up to $10,000 on a single project per application period
Maximum of 3 Financial Assistance Awards during the grant period, September 30, 2018 – September 29, 2020
Same project may not be funded more than a total of three (3) times per company<br>
slide5. Eligible Applicants Refer to FAA Guidelines - Section C Self-Representation as an “Eligible Small Business Concern”
Organization/Corporation in US
Operates in US
Meets Size Standards
NAICS
Size Chart
1 year in business
Resources to fund export<br>
slide6. Request your grant portal login as soon as possible but at least a 48 hours before application deadline
Email: tina.salisbury@commerce.Idaho.gov
If you have previously applied for a grant through the portal you will use that same login
You can reset your password on the login screen
Best practice – download budget first from the STEP webpage
Idaho Grants Portal Apply Online!<br>
slide7. Governor’s or foreign trade mission
Foreign market sales trips
Services provided by the U.S. Department of Commerce (International Partner Search, Gold Key and Platinum Key)
U.S. Commercial Service - Export Assistance Center of Idaho
International Trade shows Eligible Activities Refer to FAA Guidelines - Section B<br>
slide8. Expenses Refer to FAA Guidelines - Section D & E Airfare
Fly America
Guidance/Waiver/Open Skies
Economy or Economy Plus ONLY
Receipt must show name of traveler and flight class
Hotel
Meals & Incidental Expenses (M&IE)<br>
slide9. Ineligible Expenses Refer to FAA Guidelines - Section E Travel expenses for importers/distributors or in-market company representatives
Printing
Passport or visa costs
Cell phone charges
Website
Product development, alteration or enhancement
CE Mark<br>
slide10. Budget and Request for Reimbursement (RFF) 2 in 1 Template Your one stop for:
budgeting for this application
and, if awarded:
same document worksheet is used for your reimbursement request upon completion of the project<br>
slide11. Details, Details, and… Idaho Grants Portal – the meat of the application
Key application questions & best answers:
Question: Provide details on what market research or other activities you conducted that led the company to choose the market & this specific activity. Include the following: who your customers are, sales channels, market demographics, mark regulations and tariffs.
Answer: France is one of the EU’s dominant players in aerospace, with a vertically developed industry that is estimated to be worth $15 billion. France’s aerospace industry is involved in development of helicopters, avionics, and jets for defense forces, passenger aircraft for civil aviation, weapons and several other aeronautical projects. Many private institutions and aerospace industries base their primary location in France. The French government has taken many initiatives that encourage new aerospace research and development in the region to give boost to the aerospace industry. Our customers vary between small municipal airports and maintenance repair operations, to avionics developers, large commercial airlines and military bases. This wide array of customers encompasses our demographics simply because the need for our equipment is standard throughout aviation; anyone who flies or repairs a plane of any type requires nearly everything in our product line. Sales channels are carved out through the following which include but are certainly not limited to: direct distribution and representation, personal references, the internet which includes our online webstore, ads within trade publications such as Ground Support Worldwide and Trade-a-Plane, and requests for leads from current customers. Regarding tariffs - free trade agreements with Chile, Mexico, Canada and other countries get our US-made products imported at competitive price points. We deal with tariffs on a country-by-country basis. Currently, our HS codes for our products have not been affected by the retaliatory tariffs imposed by the EU.<br>
slide12. …More Details Uploading documents – be patient
VERY COMPETITIVE!<br>
slide13. So You’ve Summitted an Application…
Now What?<br>
slide14. Selection and Scoring Criteria
Refer to FAA Guidelines - Section G Scoring Requirements
Risk Ratings
Notice of Awards or Notice of Non-Funding<br>
slide15. Bonus Criteria:
(up to 12 points available) Rural
Woman Owned
Veteran or Service-Disabled Veteran Owned
Socially & Economically Disadvantaged
New to STEP<br>
slide16. A copy of the power point can be found on our website
https://commerce.idaho.gov/idaho-business/international-trade/step-grant/ Contacts:
Tina Salisbury, Idaho Department of Commerce
Idaho STEP Project Director
Phone: (208) 287-3164
Email: tina.salisbury@commerce.idaho.gov
Chelsea Conlon, Idaho State Department of Agriculture
STEP Lead
Phone: (208) 332-8678
Email: Chelsea.Conlon@isda.idaho.gov
Funded in part through a grant with the U.S. Small Business Administration<br>