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Montana Wins Trade Expansion Grant to Support Business Growth in International Markets

Monday, September 16, 2019/Categories: Market MT, Trade & Export, Choose Montana

Photonics are a growing export industry in Montana.

HELENA, Mont. – The Montana Department of Commerce has been awarded a federal grant to help local business export and promote their Montana-made products to international markets.

The U.S. Small Business Administration’s $499,488 State Trade Expansion Program grant will be used to sponsor Montana businesses at international tradeshows, which develops meaningful relationships between Montana companies and international buyers, leading to business growth. It’ll also support ongoing training and technical assistance for those small business exporters.

“Montana-made products are innovative and sought after,” Commerce Director Tara Rice said, “that’s why we support businesses along their path of startup to international exporter. Montana exports hit a record $1.65 billion last year, strengthening the state’s economy and fueling business growth.”

Montana’s top five commodity trading partners last year were Canada, Republic of Korea, China, Belgium, and Japan.

 

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MONTANA OFFICE OF TOURISM AND BUSINESS DEVELOPMENT | MONTANA DEPARTMENT OF COMMERCE
301 S. PARK AVE. | P.O. BOX 200533 | HELENA, MT 59620-0533 |  T: 406.841.2870 |  F: 406.841.2871 | TDD: 406.841.2702

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