Global NY Expands International Presence from 9 to 15 Offices
Webinar on October 10 to Introduce New Offices and Funding Opportunities
State Trade Expansion Program (STEP) Funding Empowers Small Businesses for Global Success
Empire State Development (ESD) today announced an expansion of Global NY's international presence, growing from 9 to 15 markets, with OCO Global hired to manage these offices. This expansion includes new representation in Australia, Japan, South Korea, Singapore, the United Arab Emirates, and Taiwan. Beginning October 1, companies will be able to submit Export Marketing Assistance Service (EMAS) applications to any Global NY location. Information about the EMAS can be found here. Global NY was also awarded $900,000 in federal funding for STEP Round 12 to help connect New York businesses to exporting opportunities abroad.
Empire State Development President, CEO and Commissioner Hope Knight said, “By expanding Global NY's international offices and securing federal STEP funding, we are reinforcing our commitment to empower New York's small businesses to compete in the global marketplace into key markets. These strategic initiatives provide our businesses with resources and opportunities to export their products and services worldwide, fostering growth and job creation across the state.”
The STEP funding, provided by the U.S. Small Business Administration (SBA), is used for the State Trade Expansion Program (STEP), which offers grants to qualifying small and medium-sized businesses. The program aims to increase the number of small businesses that begin to export; boost the value of exports for businesses that currently export; and encourage small businesses to explore significant new trade opportunities. The STEP program at ESD is overseen by Global NY, the agency’s international division. Information on STEP and how to apply for funding can be found here.
Global NY will be hosting a webinar for New York companies looking to export or expand existing export efforts on Tuesday, October 10 at 9 a.m. to introduce its new offices and to discuss exciting funding opportunities. Businesses interested in participating can register here.
STEP grants empower New York entrepreneurs to succeed globally by offsetting the costs of export activities including foreign trade missions, international marketing campaigns, overseas trade show exhibitions, training workshops, and other engagements. These reimbursement-based grants are available to New York companies that have been in business for at least one year, meet SBA size standards, have sufficient resources to bear trade costs, offer a product or service for export with at least 51% U.S. content, and align with STEP's standards and mission. By easing export-affiliated costs, STEP enables small businesses to expand their global reach and competitiveness.
ESD will receive $900,000 from SBA to assist New York State businesses with:
- Participation in programmed foreign trade missions
- Subscription to services provided by the Department of Commerce
- Trade show exhibition (international and qualified domestic trade shows)
- Participation in export training workshops
- Qualified foreign market sales trips
- Website Content/Foreign Language Translation
- Development of International Marketing Campaign(s)
- Compliance Testing
- Consultancy Services
- Export Credit Insurance Premium Reimbursement
About Global NY
Global NY, a division of Empire State Development, offers financial and technical assistance that can offset the costs of exporting for New York businesses and organizations looking to connect to the rest of the world. Available support includes grants and loans to help qualifying small and medium-sized businesses looking to start or increase their global exports and non-profit organizations that provide export assistance and trade education to New York State companies. For more information, please visit www.esd.ny.gov/global-ny-export-assistance.
About Empire State Development
Empire State Development is New York's chief economic development agency, and promotes business growth, job creation, and greater economic opportunity throughout the state. With offices in each of the state's 10 regions, ESD oversees the Regional Economic Development Councils, supports broadband equity through the ConnectALL office, and is growing the workforce of tomorrow through the Office of Strategic Workforce Development. The agency engages with emerging and next generation industries like clean energy and semiconductor manufacturing looking to grow in New York State, operates a network of assistance centers to help small businesses grow and succeed, and promotes the state's world class tourism destinations through I LOVE NY. For more information, please visit esd.ny.gov, and connect with ESD on LinkedIn, Facebook and X.
Contact:
ESD Press Office | [email protected] | (800) 260-7313
Emily Mijatovic | [email protected] | (212) 803-3692