Illinois Awarded $700000 to Support Small Business

This post was originally published here.

CHICAGO, Ill. – The Illinois Department of Commerce & Economic Opportunity’s Office of Trade and Investment has received $700,000 in federal funds to support export growth within Illinois small businesses.

The funds were awarded through the Small Business Administration’s competitive State Trade Expansion Program.

The ISTEP program is highly competitive. Applications are accepted throughout the year and are considered on a rolling basis. Qualified Illinois businesses can use the ISTEP program financial assistance for state-organized group trade missions, individual foreign market sales missions, product compliance, website localization, and export training. 

“Exports play a vital role in the Illinois economy,” said Director of OTI Margo Markopoulos. “International sales stimulate job growth at home, supporting over 800,000 Illinois jobs. Through the Illinois State Trade and Export Promotion (ISTEP) program, our office continues to grow our exports and help Illinois small businesses realize the sales opportunities available to them in established and emerging markets across the globe.”