The New Jersey Business Action Center (NJBAC) announced $400,000 in federal funds for the New Jersey State Trade Expansion Program (NJSTEP) to support new-to-exporting businesses in underserved communities.
The program provides financial awards to companies on a competitive, first-come-first-serve basis.
The state’s successful NJSTEP program has been awarded funding for 11 consecutive years and is administered by the NJBAC’s Office of Export Promotion. Between 2021-23 the NJSTEP Grant produced over $55M in revenue and over 1,100 jobs in New Jersey.
“This year’s NJSTEP program continues the support of New Jersey companies that are from underserved business communities selling internationally. This includes export resources to Minority, LGBTQ, Woman, and Veteran-owned businesses to develop better access to global markets,” New Jersey Lieutenant Governor Tahesha Way, said. “NJSTEP will help these companies realize foreign sales opportunities, as well as grow jobs in the state.”
“Selling into global markets is not only for large or established firms. We are encouraging New Jersey companies from underserved business communities to apply for a NJSTEP grant to support their exporting activities and grow New Jersey jobs,” New Jersey Business Action Center Executive Director Melanie Willoughby said.
