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. Requests may be for up to $10,000. Additional grant funding is available for companies that have participated in a WEDC Global Trade Venture in FY17. Companies may be eligible for up to $4,000 to cover the cost of training or courses through Aug. 30, 2017. An applicant must identify the class, workshop or conference, then complete a questionnaire and submit the information to Monica Wahlberg (see contact details below). Upon approval, WEDC will coordinate with the participant and the educator to handle enrollment and make payment. The approval process typically takes no more than two weeks.
Wisconsin companies that have completed the ExporTech™ Program may apply for additional funding assisted by a federal grant through the U.S. Small Business Administration. Requests may be for up to $15,000 to execute 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. Companies must qualify as small businesses as defined by the SBA (criteria vary by industry) in order to apply for this funding.
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).
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.