November Statewide Videoconference and Workshops Provide Funding and Export Assistance

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Nevada small businesses are urged to act now to meet the initial December 1 funding application deadline for export assistance. In November, a statewide videoconference on new exporting resources and an Export Certification program are being offered by the Nevada Office of Economic Development through the Nevada Investment & Trade Revenue Opportunities (NITRO) initiative.

NITRO Logo with SBA Logo and Acknowledgement

NITRO Logo with SBA Logo and Acknowledgement

We have over $160,000 available to help small companies start exporting or to improve their current exporting program.

Nevada small businesses interested in determining "Is exporting right for my company?" and learning about new exporting financial and technical resources are invited to a two-hour videoconference on November 15. The Nevada Office of Economic Development (OED) in Carson City will host the videoconference, with a live feed at the Redfield Campus and onsite in the Governor’s Conference Room in Las Vegas. This will be the only program rollout for the Nevada Investment & Trade Revenue Opportunities (NITRO) initiative. Seating is limited. Interested companies must register online by November 11 at http://NITRO.nv.gov.

The videoconference is the first Market Entry Program (MEP) related event under the NITRO initiative, funded in part by a $239,318 U.S. Small Business Administration (SBA) grant through the State Trade and Export Promotion (STEP) Pilot Grant Initiative. NITRO assists two types of companies: 1) those that have not exported but want to determine if it is a viable option and need guidance on global market expansion, and 2) those currently exporting that want to increase their volume. Both may be eligible for funding and technical assistance.

Under the MEP, Nevada companies may receive up to 50 percent reimbursement for eligible marketing expenses. Matching funds will be allocated to companies on a yearly basis depending upon their international marketing plan. The minimum funding request is $2,500. Companies must spend $5,000 in promotional activities to be reimbursed $2,500 (50 percent) by OED. The maximum funding request is $12,500.

"We have over $160,000 available to help small companies start exporting or to improve their current exporting program," said Alan Di Stefano, Director of Global Business Development for the OED. The November 15 videoconference is an Application Workshop that will answer questions on how to apply for NITRO funds, provide a program introduction, eligibility requirements, application breakdown with approval process, program timeline, and available state and partner agency support. "The window to take advantage of this assistance is small," said Di Stefano, "so companies need to act now to meet the initial December 1 application deadline." To apply, companies must first go through an eligibility pre-screening process by completing the questionnaire at http://NITRO.nv.gov. Participants will be notified of their grant award by the Governor’s Office on January 3.

On November 17-18, with continuation December 1-2, the OED will also host a two-part Export Certification program which will provide technical knowledge and skills necessary for small business export driven expansion. The $100 workshop registration fee covers four days of extensive export readiness consultation, an Export Program Manual/DVD, and connection to exporting resources through NITRO's technical resource partners—SBA, Department of Commerce, Small Business Development Center and NV Industry Excellence. Attendees will earn an official Nevada Export Certification upon completion. Registration and payment can be made online at http://NITRO.nv.gov.

For more information about the NITRO initiative visit http://NITRO.nv.gov or call Alan Di Stefano or Brittany McLean at the OED at 800‐336‐1600.

About the Nevada Office of Economic Development (OED)

The office will promote, aid and encourage economic development in the State of Nevada. This is achieved through programs including national and international Business Development, Community Development Block Grants, Procurement Outreach and the Nevada Film Office. More information can be accessed at http://www.diversifynevada.com or by calling 800‐336‐1600.

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