Guam – Guam is getting a grant of $135, 927 from the U.S. Small Business Administration’s STEP program. STEP stands for State Trade and Export Promotion Program.
The grant funds are part of a larger $30 million dollar award going to 49 states and territories to help promote small business trade and exports.
The Guam STEP project will use funds to help small firms participate in foreign trade missions.
This will enable such small businesses to meet one-on-one with foreign government decision-makers and business contacts, including potential agents, distributors, and partners.
Funds will be used to host the Guam Export Trade Show with representatives from foreign businesses interested in conducting business with Guam. This trade show will demonstrate to Guam small businesses how to get their foot in the door with exporting and how to network with the appropriate parties for both new and existing exporters.
In addition, a website will be developed to inform and update interested exporting businesses on Guam and provide contact information and event listings through the year. This page will serve as the central communication tool for local and foreign companies interested in exporting from Guam.