CHESTERTOWN — The Maryland Department of Commerce has awarded 34 small and mid-sized Maryland companies with ExportMD grants to help promote their products and services in the global marketplace.
According to a news release, the ExportMD grant program helps businesses finance the costs of marketing internationally, including trade show fees, brochures and travel expenses. Established in 1999, the ExportMD program provides matching grants up to $5,000 from the department’s Office of International Investment and Trade.
The LaMotte Co., the Chestertown-based manufacturer of water quality testing products, was one of 34 ExportMD grant recipients during this funding cycle.
“Our administration is committed to creating jobs and new opportunities for our citizens, and the ExportMD program is a great example of how the state is partnering with our small and mid-sized businesses to help them expand globally and diversify their customer base,” said Gov. Larry Hogan in a statement. “Through this program, we have been able to help companies in every region of our state find new global partners, helping to boost their sales and expand their operations.”
“The ExportMD program is one of the most powerful tools we offer to help Maryland businesses connect with new global markets,” said Maryland Commerce Secretary Kelly M. Schulz. “The program not only helps companies promote their products and services at international trade shows they otherwise may not be able to attend, but also offers expert guidance in navigating foreign trade and investment practices.”
ExportMD is funded in part through a cooperative agreement with the U.S. Small Business Administration, which has awarded multiple State Trade Expansion Program grants to the Maryland Department of Commerce to help fund the program.
Applications for ExportMD funding are accepted on a monthly basis.
Eligibility requirements can be found on maryland.commerce.gov.