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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

slide8
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
slide11
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
slide20
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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