Project Grant SBAHQ24IT0035

Award Date 9/30/24
Completion Date 9/29/26
Dollars Obligated $447K
Funding Federal Agency
Office of International Trade
Federal Grant Program
59.061
Assistance Type
Project Grant
Place of Performance
San Juan, Puerto Rico
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The U.S. Small Business Administration (SBA) awarded a $447,145 Project Grant under the State Trade Expansion Program (STEP), CFDA Number 59.061, to the Departamento De Desarrollo Economico Y Comercio (DDEC), the primary economic development agency for the government of Puerto Rico. The award, which has a performance period from September 30, 2024 to September 29, 2026, will support DDEC in developing and implementing export promotion services to help eligible small businesses in Puerto Rico enter international markets, expand their export capabilities, and increase the overall dollar value of their exports. The grant will fund activities such as export training, trade missions, international marketing assistance, trade show participation, market research, and technical export support services. As a federal grant recipient, DDEC has demonstrated expertise in managing complex, multi-year programs and frequently sub-awards portions of its grants to local workforce boards, municipalities, and community partners to ensure targeted, localized service delivery.

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