Delaware Helps Firms Pay for Insurance, Trade Shows, Travel to Grow Exports
News Source : Insurance Journal
News Summary
- The Compass Grant offers Delaware small businesses up to $10,000 per year for international business development activities.
- Grant-funded activities range from exhibiting at trade shows to overseas customer visits to purchasing EXIM Credit Insurance.
- In the last fiscal year, the program awarded $85,355 across 29 grants and the return was impressive.
- Participating companies reported $10 million in new international sales as a direct result — that’s $117 in new revenue for every $1 invested by the state.
Many small business wanting to grow by selling to customers in other countries learn the costs for trade shows, international travel, insurance, and market research can be an obstacle.
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