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

3 years 3 months 3 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
FLORISSANT (AP) — Authorities say a 12-year-old boy accidentally shot and killed his 6-year-old sister in suburban St. Louis while... More >>
58 minutes ago Monday, December 17 2018 Dec 17, 2018 Monday, December 17, 2018 12:00:00 PM CST December 17, 2018 in News
SPRINGFIELD (AP) — A Missouri poacher has been ordered to repeatedly watch the movie "Bambi" as part of his sentence... More >>
2 hours ago Monday, December 17 2018 Dec 17, 2018 Monday, December 17, 2018 10:18:00 AM CST December 17, 2018 in News
COLUMBIA- A researcher at the University of Missouri discovered how a person's mental workload can be measured by pupil dilation.... More >>
3 hours ago Monday, December 17 2018 Dec 17, 2018 Monday, December 17, 2018 9:24:00 AM CST December 17, 2018 in News
JEFFERSON CITY - SSM Health and MU Health Care will host the last of three scheduled public forums Monday night... More >>
9 hours ago Monday, December 17 2018 Dec 17, 2018 Monday, December 17, 2018 3:10:00 AM CST December 17, 2018 in Top Stories
SPRINGFIELD (AP) — A 57-year-old southwestern Missouri man has pleaded guilty in federal court to a $2.4 million wire fraud... More >>
15 hours ago Sunday, December 16 2018 Dec 16, 2018 Sunday, December 16, 2018 9:48:54 PM CST December 16, 2018 in News
COLUMBIA - The University of Missouri sent out an MU Alert just before 6 p.m. Sunday to warn people about... More >>
18 hours ago Sunday, December 16 2018 Dec 16, 2018 Sunday, December 16, 2018 6:45:00 PM CST December 16, 2018 in News
COLUMBIA- From model trains to decorated window panes, there was fun for all ages at the Boone County History and... More >>
18 hours ago Sunday, December 16 2018 Dec 16, 2018 Sunday, December 16, 2018 6:12:00 PM CST December 16, 2018 in News
COLUMBIA – After a life-threatening accident 17 years ago, a Columbia man is proving you never have to give up... More >>
1 day ago Sunday, December 16 2018 Dec 16, 2018 Sunday, December 16, 2018 12:46:00 PM CST December 16, 2018 in Sports
COLUMBIA - A University of Missouri assistant football coach was arrested Saturday on a warrant from Miller County after failing... More >>
1 day ago Sunday, December 16 2018 Dec 16, 2018 Sunday, December 16, 2018 10:12:00 AM CST December 16, 2018 in Sports
FULTON - Two people were arrested on various drug charges Sunday morning. According to a release, Police stopped a... More >>
1 day ago Sunday, December 16 2018 Dec 16, 2018 Sunday, December 16, 2018 7:08:00 AM CST December 16, 2018 in News
COLUMBIA - The Missouri Symphony will play holiday music Sunday for the Symphony of Toys concert. Students in the Missouri... More >>
1 day ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 9:45:00 PM CST December 15, 2018 in News
COLUMBIA - People gathered at Hickman High School on Saturday to celebrate holidays from several cultures. KOPN Community Radio... More >>
1 day ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 9:10:00 PM CST December 15, 2018 in News
COLUMBIA - Columbia College had a special moment during the graduation ceremony Saturday to honor a student who died in... More >>
1 day ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 8:15:00 PM CST December 15, 2018 in News
JEFFERSON CITY - The Jefferson City Diocese confirmed Saturday three people were added to its list of clergy accused of... More >>
1 day ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:31:00 PM CST December 15, 2018 in News
COLUMBIA - Columbia Police made an arrest in connection to Saturday afternoon's shooting in the 3800 block of Aspen Heights... More >>
1 day ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 4:40:00 PM CST December 15, 2018 in News
JEFFERSON CITY, Mo. (AP) — The Missouri State Capitol has recently completed an effort to restore and conserve the building's... More >>
1 day ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 3:26:00 PM CST December 15, 2018 in News
BOONVILLE - Anyone walking around Boonville might be able to play a game of "I spy" now that painted rocks... More >>
2 days ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 10:50:00 AM CST December 15, 2018 in News
COLUMBIA- High school football teams from around the state will travel to Memorial Stadium for the next five years to... More >>
2 days ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 9:41:00 AM CST December 15, 2018 in Sports
Columbia, MO
Broken Clouds 50°
1pm 50°
2pm 52°
3pm 54°
4pm 53°