Tennessee Gov. Bill Haslam and Department of Economic and Community Development Commissioner Bill Hagerty along with officials from the U.S. Small Business Administration, United States Commercial Service and Tennessee Small Business Development Centers announced a new state initiative to boost Tennessee exports.
The program, TNTrade, is designed to help small and medium-sized businesses grow their export activity.
The program is funded by a $375,000 State Trade & Export Promotion grant from the U.S. Small Business Administration.
There are two primary components of TNTrade. The first is The Market Access Program, in which eligible businesses will receive a reimbursement equal to 50 percent of any one-time export-related expense (i.e., trade show participation, consultant fees), with a maximum reimbursement amount of $5,000 per company. The second is the Medical Device Trade Mission, in which ECD will organize and fund the majority of the costs of a trade mission to China and South Korea for medical device manufacturers and other healthcare companies in April.
To learn more about the TNTrade initiative, including how to apply to participate in the trade mission or receive MAP funds, visit www.tn.gov/ecd/tntrade.