Grant Dollars Available for Exporting Companies in Appalachian Region
The Ohio Appalachia Export Grant (AEG) is now available to companies in Appalachia Ohio. AEG funds will reimburse companies a maximum of $3,000 (50% reimbursement on qualifying expenditures up to $6,000) for qualifying activities. The minimum reimbursement amount is $500 (50% of expenditures of $1,000). Grant applications must be pre-approved prior to the start of the activities. Grant dollars must be utilized by September 30, 2015.
The purpose of this program is to assist businesses located in the Appalachian region to promote their products and services in international markets by attending international trade shows. Exporting enables companies to extend their product life cycles, take advantage of seasonality in products, and create global brand awareness.
An eligible applicant must:
• Operate a licensed business in Appalachian Ohio to manufacture, assemble and/or distribute a product or provide an exportable service
• Be in good standing with all State of Ohio agencies
• Meet the requirements of the Small Business Size Regulations set forth by the SBA
• Must be operating profitably, based on operation in the U.S. from the firm’s most recently completed fiscal year.