CARSON CITY — Nevada was awarded a $300,000 federal grant to help fund ongoing initiatives with China and Poland, the Governor’s Office of Economic Development announced Monday.
The State Trade Export Promotion grant, known as STEP, is administered by the U.S. Small Business Administration. Nevada has received grants before, but this allocation is the largest to date, officials said.
Gov. Brian Sandoval led a Nevada trade mission to China and other Asian countries in 2012. This summer Sandoval and an entourage of state, business and educational officials visited five European countries, including Poland which signed a letter of agreement to open trade offices in Nevada.
“There is great potential in work that has been done so far in both of these countries, and the STEP grant will help to ensure that this important work can continue,” said Kris Sanchez, GOED’s director of international trade.
The economic development agency plans to sub-grant the federal money to companies so they can participate in another state-led trade mission to China in March and a return trip to Poland in May of next year.
Money will be awarded on a competitive bases. Companies that receive grant funding will be required to match the contribution and use the money to offset their trade mission travel costs and to attend preparation seminars.