Ambitious Wisconsin companies see a world of opportunity for their products. However, navigating the global marketplace requires specialized knowledge and a sound strategy based upon proven best practices.
The Wisconsin Economic Development Corporation (WEDC) stands ready to help you gain the insights you need to tap new international markets. Our Global Business Development Program helps companies lay the foundation for a new export strategy or build upon existing export programs.
Wisconsin companies can be reimbursed for specific expenses associated with executing their new and/or expanded international market access strategies. A company’s application should include an export strategy for target markets, related activities, and project budget. Companies that have completed the ExporTech™ Program may qualify for up to $25,000 to support export strategy implementation. Companies that have not participated in this program may qualify for support at a project level up to $10,000. The grant cycle corresponds to WEDC’s fiscal year of July 1-June 30.
This program is designed to help industry associations, alliances, agencies, nonprofits, regional economic development organizations or other state/local departments located in Wisconsin to work with Wisconsin companies to increase exports. This grant provides pass-through reimbursed funds. Organizations may apply for up to $150,000 to provide assistance of no more than $15,000 per Wisconsin company per fiscal year July 1-June 30.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration
Wisconsin companies that have completed the ExporTech Program may apply for additional funding through a federal grant State Trade Expansion Program (STEP) Grant to WEDC. Requests may be for up to $15,000 to execute their new and/or expanded international market access strategies. The grant budget must be broken down into incremental stages showing a commitment to a strategic approach versus a singular project mentality. Companies must qualify as small businesses as defined by the SBA (criteria vary by industry) in order to apply for this funding.
Whether a not a company has completed or enrolled in ExporTech, qualifying small businesses can apply for funding support to participate in a trade venture led by WEDC or a trade mission led by the state Department of Agriculture, Trade and Consumer Protection.