Part A Reimbursement Grant Application - Vermont State Trade Expansion Program (Step) - Vermont

What Is Part A?

This is a legal form that was released by the Vermont Agency of Commerce and Community Development - a government authority operating within Vermont. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Vermont State Trade Expansion Program?
A: The Vermont State Trade Expansion Program (STEP) is a reimbursement grant program.

Q: What is the purpose of the STEP program?
A: The purpose of the STEP program is to provide financial assistance to eligible Vermont businesses for export-related activities.

Q: Who is eligible for the STEP program?
A: Eligible businesses are Vermont-based companies that meet certain criteria, including being in operation for at least one year and having a product or service that is export-ready.

Q: What types of activities can the STEP program assist with?
A: The STEP program can assist with activities such as attending international trade shows, participating in foreign trade missions, and developing international marketing materials.

Q: How does the reimbursement process work?
A: Under the STEP program, eligible businesses can apply for reimbursement of up to 50% of certain approved expenses related to their export activities.

Q: What are some examples of eligible expenses?
A: Eligible expenses may include booth fees for trade shows, airfare for trade missions, and translation services for marketing materials.

Q: How do I apply for the STEP program?
A: To apply for the STEP program, eligible businesses must complete and submit a reimbursement grant application, providing information about their export activities and projected expenses.

Q: Can a business receive multiple grants from the STEP program?
A: Yes, a business may be eligible to receive multiple grants from the STEP program, as long as they meet the program's criteria and have not reached the maximum reimbursement amount for a particular funding round.

Q: Is there a limit to the amount of reimbursement a business can receive?
A: Yes, there is a maximum reimbursement amount for each funding round of the STEP program. It is important to check the program's guidelines or contact the program administrators for the current reimbursement limits.