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MI-STEP: Funds to Go Global
MEDC’s International Trade program has a wealth of expertise and resources available to help Michigan businesses grow within the state and internationally. One of these many resources is Michigan’s State Trade Expansion Program or MI-STEP. Watch this video to learn more.
The MEDC International Trade Program has a new allocation of State Trade Expansion Program (STEP) funds available for eligible small business concerns. On September 8, 2022 the U.S. Small Business Administration (SBA) awarded Michigan the maximum state award of $1,400,000 in MI-STEP funds for FY23. With additional state match funding, total funds available are $1.86 million.
The program has three primary objectives:
MI-STEP applications are accepted annually October 1 through September 15. Applications must be received a minimum of three days prior to travel/activity start date. Applications received two days or less in advance are not eligible and will not be processed or approved.
Up to $15,000 in assistance is available to offset 75 percent of pre-approved expenses per fiscal year. Michigan companies must meet the following eligibility criteria to qualify for MI-STEP funds:
Program funds may be approved for export marketing-related activities including:
Ineligible expenses include:
Please also note: