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Empowered to Deliver. Governor’s Conference on Economic Development MO STEP=UP Ann Pardalos, Manager. Purpose. Promote Missouri products and service globally Increase the number of Missouri businesses exporting Increase the volume of Missouri exports

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Empowered to deliver

Empowered to Deliver

Governor’s Conference on Economic Development

MO STEP=UP

Ann Pardalos, Manager


Purpose

Purpose

  • Promote Missouri products and service globally

  • Increase the number of Missouri businesses exporting

  • Increase the volume of Missouri exports

  • Facilitate international business opportunities

  • Attract foreign investment to Missouri


Who s exporting

Who’s Exporting

  • 97 % SMEs

  • 30% Total export value

  • 1 Foreign market

  • Fewer than 20 employees

    In Missouri:

    • Almost 99% SME’s

    • 25% of total export value

    • <2500 manufacturers

People Like You


Empowered to deliver

Missouri International Trade & Investment Office

Locations Around the Globe

Missouri

Ann Pardalos

Alice Bernard-Jones

Bob Donnelly

Yan Li

Mark Wine

Krista Zurkamer

Europe

Ryan O’Lynn

South Korea

Hyun-Sook Kim

Japan

Hiroaki Shino

China

Edward Li

Taiwan

Hank Ma

Mexico

Todd Nelson

Beijing

Brazil

India


Services available to you

Services Available to You

  • Trade counseling

  • Agent/Distributor search

  • Background check

  • Business protocol

  • Customized market research

  • Export finance program

  • International trade shows

  • Catalogue shows

  • Foreign trade missions

  • Customized company mission

  • Trade leads

  • Certificate of free sale

  • Missouri export directory


Mo step up

MO STEP = UP


Empowered to deliver

Missouri

State Trade & Export Promotion

=

Unlimited Possibilities


Mo step up1

MO STEP=UP

Missouri State Trade & Export Promotion = Unlimited Possibilities

  • Small Business Jobs Act of 2010

    • Small Business Administration

    • 3-year trade and export promotion pilot program

    • State Trade and Export Promotion (STEP) Grant Program

      • Grants to state trade offices

      • Funding for market activities and export programs that assist eligible small business concerns

  • Goals:

    • Increase the number of small business exporters

    • Increase the value of exports from small businesses


Mo step up2

MO STEP=UP

Primary Recipients:

  • New-to-market small business exporters

  • New-to-export small businesses

    Key Points:

  • 12-month program

  • Market expansion activities

  • Export Training Program

  • Dedicated Website

  • 300 small new-to-market businesses

  • Maximum of 50 new-to-export businesses

  • State Representation in Beijing; Brazil and India

Missouri State Trade & Export Promotion = Unlimited Possibilities


Mo step up3

MO STEP=UP

Eligibility Requirements

  • 500 employees or less

  • No annual sales limitations

  • Demonstration of export sales potential

    Marketing Activities

  • Trade shows, trade missions, foreign market sales trips

  • Subscription services of US Department of Commerce

  • Marketing media and website translation to their overall export development plan.

Missouri State Trade & Export Promotion = Unlimited Possibilities


Mo step up4

MO STEP=UP

New-to-Market Exporters

  • Funding for 300 new-to-market exporters that currently:

    • Export to a least one market - Canada counts

    • 50% or 150 must be rural small business concerns (based on county of location)

    • 25%  or 75 firms must be women owned and controlled; veteran owned and controlled; and/or socially and economically disadvantaged small business concerns

    • 10% or 30 of the firms must be directly or indirectly affected by supply chain exports

Missouri State Trade & Export Promotion = Unlimited Possibilities


Mo step up5

MO STEP=UP

New-to-Market Exporters

  • General Considerations for funding:

    • Maximum of 50% reimbursement for marketing activities in general markets

    • Maximum of 75% reimbursement for marketing activities related the Chinese market

    • Maximum of 60% reimbursement for marketing activities related to BRI(K) markets

  • Marketing Activities: *noted earlier

Missouri State Trade & Export Promotion = Unlimited Possibilities


Mo step up6

MO STEP=UP

New-to-Export Small Businesses:

  • Funding to a minimum of 50 new-to-export small business exporters as per the following criteria:

    • Do not currently export to at least one market – or exports are sporadic and very small in volume

    • 50% or 25 of the firms must be rural small business concerns (county of location)

    • 15%  or 8 of the firms must be women owned and controlled; veteran owned and controlled; and/or socially and economically disadvantaged small business concerns

    • 10% or 5 of the firms must be directly or indirectly affected by supply chain exports

Missouri State Trade & Export Promotion = Unlimited Possibilities


Mo step up7

MO STEP=UP

New-to-Export Small Businesses

  • General Considerations for funding:

    • Maximum of 50% or $900 reimbursement for the state’s sanctioned export training program

    • Maximum of 50% reimbursement for design of marketing media

    • Maximum of 50% reimbursement for website translation fees

    • Other export promotion initiatives as approved by the Supervisory Committee

    • *25 firms determined export ready by the Supervisory Committee will be eligible to receive funding for general marketing activities, in an effort to augment training efforts with hands-on experience

Missouri State Trade & Export Promotion = Unlimited Possibilities


Mo step up8

MO STEP=UP

State Partners

  • SBA

  • US Department of Commerce

  • World Trade Center – St. Louis

  • World Trade Center - Kansas City

  • Missouri Department of Agriculture

  • Greater Kansas City Chamber of Commerce

  • Springfield Area Chamber of Commerce

  • Cape Girardeau Area Chamber of Commerce

Missouri State Trade & Export Promotion = Unlimited Possibilities

  • Service Corps of Retired Executives (SCORE)

  • Grace Hill Women’s Development Center

  • Veterans Business Resource Center

  • Missouri Enterprise

  • Greater Ozarks International Trade Association

  • International Trade Council of Greater Kansas City


Empowered to deliver

Missouri Department of Economic Development

International Trade & Investment Office

301 W. High St., Ste 720

Jefferson City, MO 65102

573-751-4855

www.missouridevelopment.org


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