Vermont businesses get a boost in export grants – vtdigger.org

For the last two years, Ed Sawyer has used two federal grants of $20,000 each to try to grow exports for Advanced Conversion. The Barre-based company makes specialized components for trucks, buses and airplanes as well as parts for electrical grids and laser surgery.

“It’s not a huge amount of money, but it helps us make decisions to get out there and market our products,” said Sawyer, the company’s chief executive officer.

Advanced Conversion uses the grants to go to trade shows in Europe and to travel abroad to meet key customers.

Last month, Vermont netted an increase in funding for these federal grants, which are part of the State Trade Expansion Program, meaning more local businesses stand to benefit.

“It’s been under-used to some extent, but the state’s ramping up the outreach, so I think we’re going to see a lot more businesses using it,” said Darcy Carter, Vermont director for the Small Business Administration, a federal agency.

States apply for the funding, and this year,…

Read Full Story: https://vtdigger.org/2022/10/09/vermont-businesses-get-a-boost-in-export-grants/

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