We invite you to join the below letter encouraging the House Appropriations Subcommittee on Financial Services to include robust funding for the State Trade Expansion Program (STEP),last authorized in the Trade Facilitation and Trade Enforcement Act of 2015.
The STEP program helps our small businesses create jobs here at home by helping these businesses sell more of their products overseas. The program provides critical funding and support both to help small businesses start exporting and to increase the value
of exports for small businesses that are already exporting. The funds provided through this program help small businesses enter into and expand in the international market by facilitating engagement with new foreign customers and participation in training
workshops as well as other activities related to exporting.
In the first two years of STEP, 3,737 small businesses benefited from participation in this program. Around the country, a majority of states have effectively leveraged these resources for a return on investment of more than $10 for every $1 invested. In Washington
state, the program returns an average in a three year period of $106 to the state’s economy for every $1 spent. We urge you to support this important bipartisan effort to keep small businesses competitive in the global environment.
If you have further questions or would like to sign on, please contact Terra Sabag of Congressman Larsen’s office at (Terra.Sabag@mail.house.gov) or Natalie Kamphaus of Congressman Reichert’s office at (Natalie.Kamphaus@mail.house.gov).
Rick Larsen Dave Reichert
Member of Congress Member of Congress