Thursday, May 31, 2012

TNTRADE Market Access Program: 

Incentives to help TN businesses grow their exports


The Tennessee Department of Economic & Community Development is excited to be able to offer a new program to Tennessee's small and mid-sized businesses that are seeking to go into new foreign markets with their products and services. 

WHAT IS IT?   
The TNTRADE Market Access Program (MAP) is a reimbursement program designed to enhance export readiness, promotion and sales activities in foreign markets for Tennessee's small to mid-sized businesses.  MAP provides a 50 percent reimbursement for up to $5,000 per year for qualified and approved export activities.  This program is funded through a grant from the U.S. Small Business Administration (SBA) and is managed through the Tennessee Department of Economic & Community Development (ECD).

HOW CAN FUNDS BE USED?
The TNTRADE Market Access Program (MAP) is a very flexible program, and while a business must apply and be approved before they can expend funds used toward reimbursement, the options are broad.  The projects/activities that have surprised some are:
  • Translate marketing materials and websites,
  • Fund sales trips and trade missions,
  • Fund training for export activities,
  • Achieve required international trade certifications, and 
  • many others.
Currently, the funds have to be deployed quickly - on or before September 30, 2012.

WHO DO I CONTACT TO APPLY?
Don't hesitate to contact anyone on the TNTRADE Team for assistance in your application.