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

1 year 5 months 3 weeks ago August 26, 2015 Aug 26, 2015 Wednesday, August 26 2015 Wednesday, August 26, 2015 7:55:00 PM CDT in News
By: Katie Hynes, KOMU 8 Reporter
Embed Code Copied

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 - MU Police have released a description of a man suspected of kissing one unwilling female and trying to... More >>
48 minutes ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 11:08:00 AM CST in News
COLUMBIA - The Columbia City Council will look at what could turn into a Prescription Drug Monitoring Program, or PDMP,... More >>
16 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 7:00:00 PM CST in News
CALLAWAY COUNTY - Two people were arrested after taking law enforcement on a high speed chase throughout mid-Missouri Sunday, according... More >>
17 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 6:36:00 PM CST in Coverage From Callaway
KANSAS CITY (AP) — A group of homeowners raised money for a man who was arrested in their neighborhood after... More >>
17 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 6:05:00 PM CST in News
OVERLAND - The Overland Police Department cancelled the Amber Alert for a 9-month-old boy Sunday. According to police, the... More >>
21 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 2:10:00 PM CST in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens has started complaining about the coverage his administration receives, but the Republican... More >>
22 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 1:21:21 PM CST in News
COLUMBIA - Columbia saw one of its warmest weekends of the year so far with temperatures in the high 60s... More >>
23 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 12:53:00 PM CST in News
CALLAWAY COUNTY- One man died and another was seriously injured in an overnight crash in Callaway County Sunday. According... More >>
23 hours ago February 19, 2017 Feb 19, 2017 Sunday, February 19 2017 Sunday, February 19, 2017 12:20:00 PM CST in News
BOONE COUNTY — The Boone County Fire Protection District responded to 12 natural cover fires on Saturday. The Columbia... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 8:28:00 PM CST in News
COLUMBIA - The Unitarian Universalist Church of Columbia (UUCC) and Missouri Faith Voices hosted a resistance training Saturday to educate... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 6:35:00 PM CST in News
BOONE COUNTY — Two people were taken into custody after leading police on a car chase through multiple counties Saturday... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 5:16:00 PM CST in News
KANSAS CITY (AP) — An online tool has disappeared for people to find out whether they are buying puppies from... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 4:46:00 PM CST in News
KANSAS CITY (AP) — A government report shows the number of farms in Missouri fell last year while the remaining... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 4:41:00 PM CST in News
COLUMBIA — The Acting Company based out of New York has crossed the country and is now in Columbia to... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 3:03:00 PM CST in News
JEFFERSON CITY — The Special Olympics Missouri Regional Basketball Tournament returned to Jefferson City for the third year Saturday. ... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 2:48:00 PM CST in News
JOPLIN (AP) — Supporters of Route 66 are pushing to have the roadway added to a national list of historic... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 1:14:00 PM CST in News
CAMDEN COUNTY — A male suspect attempted to gain entrance to a residence on Hackberry Trace in Montreal Saturday, the... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 1:05:00 PM CST in News
PINEVILLE (AP) — The Harry S. Truman Coordinating Council and the Northwest Arkansas Regional Planning Commission will be meeting to... More >>
1 day ago February 18, 2017 Feb 18, 2017 Saturday, February 18 2017 Saturday, February 18, 2017 12:38:29 PM CST in News
Columbia, MO
Broken Clouds 70°
12pm 68°
1pm 71°
2pm 73°
3pm 74°

Select a station to view its upcoming schedule:

Coming Up Next

11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
12:30p
Inside Edition
11:00a
Jerry Springer
12:00p
Jerry Springer
1:00p
Maury

Tonight's Schedule

7:00p
American Ninja Warrior
9:00p
Timeless
7:00p
Supergirl
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld