{"id":4231,"date":"2016-11-07T14:33:19","date_gmt":"2016-11-07T14:33:19","guid":{"rendered":"https:\/\/www.northcentralmass.com\/?p=4231"},"modified":"2016-11-07T18:54:23","modified_gmt":"2016-11-07T18:54:23","slug":"baker-polito-administration-announces-funding-commitment-support-international-trade","status":"publish","type":"post","link":"https:\/\/www.northcentralmass.com\/es\/baker-polito-administration-announces-funding-commitment-support-international-trade\/","title":{"rendered":"Baker-Polito Administration Announces Funding Commitment to Support International Trade"},"content":{"rendered":"<p><a href=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-4234\" src=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-1030x687.jpg\" alt=\"img_0933\" width=\"420\" height=\"280\" srcset=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-1030x687.jpg 1030w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-300x200.jpg 300w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-768x512.jpg 768w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-1500x1000.jpg 1500w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-705x470.jpg 705w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933-450x300.jpg 450w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0933.jpg 2000w\" sizes=\"auto, (max-width: 420px) 100vw, 420px\" \/><\/a>Last Month the Baker-Polito Administration announced a commitment of $672,637 in grant funds, to help Massachusetts small businesses grow by accessing international trade markets. The grant funds \u2013 a $504,478 grant awarded to Massachusetts by the U.S. Small Business Administration\u2019s State Trade and Expansion Program (STEP), and a $168,159 matching contribution from the Commonwealth \u2013 will provide support to small businesses in Massachusetts as they pursue strategies to increase export activities.<\/p>\n<p>\u201cSupporting the growth of small businesses is a major focus of this administration\u2019s economic development strategy,\u201d\u00a0<strong>said Governor Charlie Baker<\/strong>. \u201cMany of the innovative consumer and business products created and manufactured in Massachusetts are ripe for export. Helping companies access foreign markets is one avenue where we can help champion the small businesses that f\u00a0orm the backbone of our economy.\u201d<\/p>\n<p>\u201cOpening new markets will strengthen small businesses here in Massachusetts,\u201d\u00a0<strong>said Lieutenant Governor Karyn Polito<\/strong>. \u201cThe economic development legislation we signed in August doubled our ability to help finance small business export activity. Now, these STEP grants will build the capacity of small businesses seeking to open new markets. By assisting small businesses in learning how to export, and increasing their exposure to international markets, we are giving small businesses in Massachusetts a global reach.\u201d<\/p>\n<p>\u201cThe advanced manufacturing cluster economy we have here in North Central Massachusetts accounts for one in four jobs in the region \u2013 support from our state and federal partners is crucial as we seek to recognize the important role that manufacturing plays here in North Central,\u201d <strong>said Roy Nascimento, president and CEO of the North Central Massachusetts Chamber of Commerce<\/strong>.<a href=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4233 alignright\" src=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-1030x687.jpg\" alt=\"img_0920\" width=\"427\" height=\"285\" srcset=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-1030x687.jpg 1030w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-300x200.jpg 300w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-768x512.jpg 768w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-1500x1000.jpg 1500w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-705x470.jpg 705w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920-450x300.jpg 450w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0920.jpg 2000w\" sizes=\"auto, (max-width: 427px) 100vw, 427px\" \/><\/a><\/p>\n<p>The Baker-Polito Administration announced the opening of the 2016-2017 STEP grant round at Rocheleau Tool &amp; Die Co., Inc., a Fitchburg\u00a0manufacturer that participated in the 2015-2016 STEP program. The Massachusetts Office of International Trade and Investment (MOITI) will administer the STEP grant in partnership with the Massachusetts Export Center (MEC), and provide reimbursements to eligible Massachusetts small businesses for qualified export-promotion expenses. Supported activities may include trade show participation, overseas marketing, and localization services and subscription services from the U.S. Department of Commerce. Participating small businesses are also required to secure matching private funds. MOITI and MEC are currently accepting grant applications from businesses.<\/p>\n<p>\u201cIn every region of the Commonwealth, businesses are producing goods that only Massachusetts can create, and ensuring that these small business have access to global markets is an important avenue for growth,\u201d\u00a0<strong>said Housing and Economic Development Secretary Jay Ash<\/strong>. \u201cLeveraging the ingenuity, and uniqueness of Massachusetts products and businesses will continue moving our economy forward, grow jobs and spread prosperity to every corner of the Commonwealth.\u201d<\/p>\n<p>\u201cThese grant funds will support the growth of small businesses, whether they are new to exporting, or seeking to expand their export activities,\u201d\u00a0<strong>said Assistant Secretary of <a href=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-4232\" src=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-1030x687.jpg\" alt=\"img_0886\" width=\"412\" height=\"275\" srcset=\"https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-1030x687.jpg 1030w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-300x200.jpg 300w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-768x512.jpg 768w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-1500x1000.jpg 1500w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-705x470.jpg 705w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886-450x300.jpg 450w, https:\/\/www.northcentralmass.com\/wp-content\/uploads\/2016\/11\/IMG_0886.jpg 2000w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\" \/><\/a>Business Development Nam Pham<\/strong>. \u201cI look forward to continued partnerships with the U.S. Small Business Administration, as we work together to spread economic growth across the Commonwealth.\u201d<\/p>\n<p>\u201cThe STEP Grant is available to small businesses across Massachusetts,\u201d\u00a0<strong>said Paula Murphy<\/strong>, Director of the Massachusetts Export Center. \u201cThe funds are awarded on a competitive basis, and a well-planned international business strategy is critical for a grant award.\u201d<\/p>\n<p>\u201cLast year\u2019s STEP grant program was a great success, with over 60 Massachusetts small businesses using the grant funds to enhance their opportunities in the global marketplace\u201d\u00a0<strong>said MOITI Executive Director<\/strong>\u00a0<strong>Mark F. Sullivan<\/strong>. \u201cWe look forward to continuing that success with this year\u2019s grant round.\u201d<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Last Month the Baker-Polito Administration announced a commitment of $672,637 in grant funds, to help Massachusetts small businesses grow by accessing international trade markets. The grant funds \u2013 a $504,478 grant awarded to Massachusetts by the U.S. Small Business Administration\u2019s State Trade and Expansion Program (STEP), and a $168,159 matching contribution from the Commonwealth \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4235,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker-Polito Administration Announces Funding Commitment to Support International Trade &#187; North Central Massachusetts Chamber of Commerce<\/title>\n<meta name=\"description\" content=\"Last Month the Baker-Polito Administration announced a commitment of $672,637 in grant funds, to help 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