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Utah Export Acceleration Grant (EAG)

Building on our efforts through Salt Lake County’s Global Cities Initiative and in partnership with JPMorgan Chase & Co., World Trade Center Utah is excited to announce the renewal of the Utah Export Acceleration Grant (EAG). The EAG provides resources to small to medium-sized companies to help advance their international business plan.

Grant Funds

Grant funds can help cover services and activities that will help companies engage in increased exports and expand their international reach. Services and activities that are eligible include, but are not limited to education/training, services and travel.

  • Education/Training: Tuition and material costs for international business programs such as Salt Lake Community College’s Global Business Management Certificate or other proposed educational and training programs.
  • Services: Legal, translation, international product certifications, website translation, packaging and labeling, transportation/logistics consulting and research services.
  • Travel: State-led trade missions, trade show participation, export lead trips, and U.S. Commercial Services (i.e. Gold Key Services).

EAG is a competitive grant. Approximately 10-20 awards can be granted given the funds available. The amount awarded will be determined according to the needs of the company, strength of application and availability of funds. Most grant awards will be between $3,000 – $5,000. There is no matching requirement from the company.

EAG awardees are also eligible to receive assistance available through WTC Utah Trade Services.

Application Process

WTC Utah is now accepting EAG applications. Applications will be accepted on a rolling basis for two periods as follows:

  • January 29, 2018 — April 30, 2018
  • July 1, 2018 — September 30, 2018

A Pitch Competition will take place in November 2018 with applications accepted from October 1—31, 2018.

Eligibility

Eligible Businesses

  • Small or medium sized business (SBA small business size standards).
  • Headquartered in Utah.
  • Has been in business for more than one year.
  • Has sufficient resources to bear the costs associated with trade.
  • Is a for-profit business.
  • Has a finished product or qualifying service with at least 51% U.S. content (including costs incurred for marketing and warehousing of product or service).
  • Has an export plan.

Ineligible Businesses (applications will automatically be rejected)

  • Consulting agencies
  • Law firms
  • Real estate developers or groups
  • Distributors representing clients
  • Educational institutions or for-profit schools recruiting students
  • Nonprofit organizations
  • Foreign direct investment recruiter
  • Multi-level marketing (MLM) or network marketing company

Application 

 

Contact:

Nicole Sherwood nsherwood@wtcutah.com (801) 599-9185