State receives trade expansion grant to help Montana businesses gain exposure
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News from the Montana Department of Commerce
MONTANA – The Montana Department of Commerce announced last Thursday it has been awarded a federal grant of more than $525,000 to help Montana-made businesses export and promote products to international markets.
The State Trade Expansion Program grant will be used to sponsor Montana businesses at international tradeshows to help develop partnerships between Montana businesses and international buyers, leading to business growth. The grant will also support training and technical assistance including foreign language translation and international product certification for small business exporters.
During the last fiscal year, nearly 400 Montana businesses were supported through grants, training and consultation made possible by this funding. Those business in turn generated more than $25 million in sales from market development activities.
In 2019, Montana exported more than $2.5 billion worth of commodities and bulk agricultural goods, strengthening the state’s economy and fueling business growth. Montana’s top five commodity trading partners last year were Canada, South Korea, Mexico, Japan and China.
Learn more at exportmontana.com.
