Larsen Continues Efforts to Support Small Business Exports

Apr 4, 2014 Issues: Jobs Labor and the Economy

WASHINGTON—Rep. Rick Larsen, WA-02, continued his push this week to expand small businesses’ ability to export by submitting a request for FY2015 funding for the State Trade Export Promotion (STEP) program. The letter, co-authored with Rep. Dave Reichert, WA-08, asked for sufficient funding for the pilot program that began in 2010. Since its inception STEP has assisted more than 400 Washington state businesses and helped generate more than $135 million in export sales.

Larsen and Reichert introduced a bill in 2013 to permanently authorize the STEP program.

The full text of the letter follows:

The Honorable Ander Crenshaw, Chairman
The Honorable José E. Serrano, Ranking Member
Subcommittee on Financial Services
Committee on Appropriations|
B-300 Rayburn House Office Building
Washington DC, 20515

Dear Chairman Crenshaw and Ranking Member Serrano:

As you begin to develop the Financial Services and General Government appropriation bill for Fiscal Year 2015, we respectfully urge you to include sufficient funding for the Small Business Export Trade Promotion (STEP) program. The STEP program is a pilot program that was authorized in 2010 (P.L. 111-240) and has produced impressive results. Due to its success, in 2013, the National Governor’s Association urged Congress to continue its funding and authorization.

The program’s objectives are to increase the number of small businesses that are exporting, and to increase the value of exports for those small businesses that are currently exporting. All 50 states, Washington, D.C., and U.S. Territories qualify to apply for STEP grant awards. In the first two years of the program, 3,737 small businesses were assisted through the program. Many states have effectively leveraged program resources resulting in a return on investment for the majority of states of $10 to $1. In fact, six states had a return of investment of $20 to $1.

The STEP program helps our small businesses and our communities and we respectfully urge this Committee to allocate sufficient funding to this important program.

Sincerely,

Rick Larsen                                                                

Member of Congress

 

David Reichert

Member of Congress

 

Scott Peters

Member of Congress

 

Dan Kildee

Member of Congress

 

David Loebsack

Member of Congress

 

Susan Davis

Member of Congress

 

John Delaney

Member of Congress

 

Raul Ruiz

Member of Congress

 

Chaka Fattah

Member of Congress

 

Jim Langevin

Member of Congress

 

Steve Cohen

Member of Congress

 

Hank Johnson

Member of Congress

 

Joe Courtney

Member of Congress

 

Patrick E. Murphy

Member of Congress

 

David Cicilline

Member of Congress

 

James Moran

Member of Congress

 

Sheila Jackson Lee

Member of Congress

 

Gregorio Kilili Camacho Sablan

Member of Congress

 

Karen Bass

Member of Congress

 

Eleanor Holmes Norton

Member of Congress

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