NORTH CAROLINA PASSPORT TO EXPORT STEP PROGRAM
The Economic Development Partnership of North Carolina (EDPNC), in conjunction with the U.S. Small Business Administration (SBA), provides funding to qualifying small businesses to offset costs associated with exporting. STEP funds are used to assist companies with participating in foreign trade shows and trade missions, translating marketing materials and websites to attract foreign buyers; obtaining services to support foreign market entry; attending select export education courses throughout the state; and participating in the Southeastern Asia Initiative.
Qualifying companies can receive up to $24,000 in reimbursement funds through the NC STEP Program. This can include up to $5,000 in reimbursement towards booth costs associated with exhibiting on their own at a virtual trade show or an in-person trade show with an international focus, up to $3,000 in reimbursement toward eligible flight and lodging costs for 1 or 2 company employees to exhibit at a qualifying trade show, up to $6,000 in reimbursement toward export services which assist them in reaching foreign markets such as the translation of marketing media and digital ad placement including social media, and up to $10,000 in reimbursement toward website localization to foreign markets and certain E-commerce fees.