An official with the Small Business Administration says a key to success for small businesses is looking beyond the country’s borders.
SBA Regional Administrator Patricia Brown-Dixon encourages small businesses to consider exports.
“The companies that export are one-third less likely to fail,” according to Brown-Dixon.
Brown-Dixon says President Barack Obama has placed a premium on increasing exports, especially evident with the president’s push for the Trans Pacific Partnership, a wide-ranging trade deal with multiple countries intended to bring down barriers to exports.
Brown-Dixon recently announced the SBA has made $300,000 available through its STEP program, the State Trade and Export Promotion program. The STEP Grant program has been in effect for three years. Sixty-two Nebraska companies have used the grants to generate $30 million in increased exports.
“Large companies have export bridges. They can do all of this stuff,” Brown-Dixon says. “Small businesses need advocates. The STEP program is a specific advocate for small businesses.”
Brown-Dixon says small businesses need information, capital, and marketing to successfully export their products.
AUDIO: Brent Martin reports [:45]