Missouri gets nearly $600,000 to support small business exports

2 years 3 months 2 weeks ago Wednesday, August 26 2015 Aug 26, 2015 Wednesday, August 26, 2015 7:55:00 PM CDT August 26, 2015 in News
By: Katie Hynes, KOMU 8 Reporter
loading

COLUMBIA - The United States Small Business Administration provided Missouri with nearly $600,000 in federal funding to help Missouri businesses export products to new markets in Central and South America, Governor Jay Nixon announced Wednesday.

The funding is part of the State Trade and Export Promotion Grant Program. STEP awards grants to help small businesses increase the number of goods and the number of countries states sell products to. The International unit of the Missouri Department of Economic Development will administer the distribution of the $599,000 grant.

The Missouri Small Business and Technology Development Centers is an extension of the University of Missouri that focuses on supporting business growth, and local and regional economic development through job creation and retention. The SBTDC found that small and mid-sized businesses make up almost 97 percent of U.S. exports.

"There's a market for Columbia businesses outside the United States," said Larry Dill, the director of the International Trade Center of the MU extension. "96 percent of the worlds consumers live outside the United States. Over two thirds of the worlds purchasing power is outside the United States. Where would a company look for new markets? Outside the United States."

The International Trade Administration is a branch of the United States Department of Commerce. The ITA found $14.1 billion of goods exported from Missouri in 2014. The ITA also found Missouri's top five exported goods were transportation equipment, chemicals, processed food, machinery, and electrical equipment in 2014.

"Exporting creates local jobs. It's all about jobs. Jobs are incredibly important especially as our economy changes," Dill said.

Nixon said the STEP grant will be used to focus on export and trade promotion activities in key global regions, including Central America and South America. The funding will help incentivize Missouri exporters to focus their targets on the countries of Colombia, Panama and Peru.

 

More News

Grid
List
COLUMBIA -It's a topic that many people shy away from, but one man came to Columbia to talk about suicide.... More >>
43 minutes ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 8:25:00 PM CST December 11, 2017 in News
COLUMBIA - Terron Wings says he considers himself blessed he can now call himself an “American taxpayer.” Wings, 37,... More >>
1 hour ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:27:27 PM CST December 11, 2017 in News
COLUMBIA - The Columbia Board of Education will vote on a $30 million bond issue Monday night at its meeting.... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:01:00 PM CST December 11, 2017 in News
COLUMBIA – High winds and dry conditions warranted additional safety precautions for fire safety Monday in central Missouri. The... More >>
3 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 6:04:00 PM CST December 11, 2017 in News
RENICK – The Beamer family was on the porch of their Randolph County home at the beginning of the storm... More >>
3 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 5:21:35 PM CST December 11, 2017 in News
ROCHEPORT - Consolidated Water issued a boil order advisory for parts of Howard County Monday due to a water main... More >>
4 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 4:29:00 PM CST December 11, 2017 in News
ORONOGO (AP) — Homeowners living near a gun range in southwest Missouri are concerned about stray bullets that have been... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:32:30 PM CST December 11, 2017 in News
COLUMBIA - When someone goes to the doctor for a checkup, they might expect the regular look at their eyes,... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:15:00 PM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri's attorney general is weighing whether to appoint a special investigator to check into use of... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:45:00 PM CST December 11, 2017 in News
COLUMBIA - One MU Nursing School program has reduced the number of nursing home patients from hospitalization by nearly 50... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:24:00 PM CST December 11, 2017 in News
COLUMBIA- The Missouri Attorney General's office is forming an advisory board to develop the first statewide program in Missouri that... More >>
8 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 12:22:00 PM CST December 11, 2017 in News
COLUMBIA - The city plans to begin repairing base failures in the Thornbrook Subdivision beginning Dec. 11 at 8 a.m.... More >>
9 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:34:00 AM CST December 11, 2017 in News
JEFFERSON CITY - A Missouri state representative has filed more legislation which would redefine "marriage" as a "contract of domestic... More >>
9 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:22:00 AM CST December 11, 2017 in News
COLUMBIA – Monday is the final day to donate to Columbia Parks and Recreation’s Almeta Crayton Memorial Toy Drive. ... More >>
10 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:58:00 AM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens says he wants his five new appointees to the state veterans... More >>
10 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:50:00 AM CST December 11, 2017 in News
COLUMBIA - UPDATE: 1:44 P.M. A police officer confirmed white paint footprints are related to Monday's investigation. The police officer... More >>
13 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:34:00 AM CST December 11, 2017 in Top Stories
COLUMBIA - Nearly four years ago to the day, local business owner Linda Bonebrake was diagnosed with severe sepsis at... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 6:47:00 PM CST December 10, 2017 in Continuous News
JEFFERSON CITY - Bird lovers got an up close look at birds typically seen in their backyards Sunday. It... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 5:36:00 PM CST December 10, 2017 in News
Columbia, MO
Broken Clouds 45°
10pm 41°
11pm 37°
12am 34°
1am 33°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
The Voice
9:01p
Better Late Than Never
10:00p
KOMU 8 News @ 10
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld
10:00p
Seinfeld

Tonight's Schedule

7:00p
The Voice
9:01p
Better Late Than Never
7:00p
Penn & Teller: Fool Us
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld