Utah small businesses now have the opportunity to expand their reach globally, all thanks to a grant program offered by the state’s U.S. Small Business Administration’s Trade Expansion Program. Utah received a $500,000 grant, which will be used to help local companies expand their global presence. The program is administered by the Utah World Trade Center in cooperation with the Governor’s Office of Economic Opportunity. These grants can be used for a variety of purposes, such as financing international business travel, developing and translating marketing materials for use abroad, and participating in trade shows. With 95% of consumers and two-thirds of their purchasing power outside the United States, these grants will help Utah businesses tap into a huge and expanding global market. Over the past two years, more than 120 Utah companies have already received grants, resulting in $90 million in new business opportunities for the state. VTC Utah President and CEO Jonathan Friedman expressed his appreciation for the SBA’s contribution, saying it serves as a catalyst for Utah companies looking to access global sales channels. VTC Utah and GOEO work together to provide opportunities for entrepreneurs to connect with customers through international trade missions and exhibitions. If you are interested in learning more about this grant program or applying for a grant, please visit the link provided. Any questions regarding eligibility or accepted activities may be directed to grants@vtcutah.com.

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