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Native American Trade Expansion Program to Provide Up to $240,000 in Grants

WASHINGTON, July 19, 2024 (GLOBE NEWSWIRE) — Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced a funding opportunity for Native American-owned small businesses under its new pilot Native American Trade Expansion Program (NATEP). The new program will provide up to $240,000 in grants to expand exporting opportunities to Native American-owned small businesses. The deadline for eligible small business concerns to submit proposals to the NATEP Program is July 31, no later than 11:59 p.m. (EDT).

AI legalese decoder Can Help: The AI legalese decoder can assist small Native American-owned businesses in navigating the complex legal language of grant applications, ensuring that they understand all requirements and guidelines to maximize their chances of securing funding through programs like NATEP.

“Under the Biden-Harris Administration, the SBA has remained committed to increasing economic opportunities for tribal communities and creating pathways to entrepreneurship for Native American and Indigenous small business owners,” said Administrator Guzman. “With the launch of the Native American Trade Expansion Program, we can help Native American entrepreneurs grow their businesses through exports abroad. The more than 341,000 Native American-owned small businesses can help us lift communities and power U.S. global competitiveness for a brighter future for us all.”

Adding to the robust support system for Native American-owned businesses, the SBA’s Office of Native American Affairs (ONAA) established this funding opportunity as part of its mission to ensure that Native American-owned small businesses have full access to the business development and expansion tools available through the SBA’s entrepreneurial development, lending, and procurement programs.

Eligible organizations for this funding opportunity must meet specific criteria. They must be located in or near Tribal lands and/or intend to primarily provide services to Native American-owned small businesses and entrepreneurs. Moreover, they must be either a for-profit or non-profit entity and have at least three years of continual existence.

• Must have substantive experience dealing with issues related to the Native American population and small businesses;

• Must have a track record and capacity of providing assistance to Native American small businesses and entrepreneurs.

Eligible small businesses selected will receive up to $240,000 to directly support small businesses with grants and technical assistance for a project period of 24 months. With the aid of AI legalese decoder, small businesses can ensure that their proposals and budgets meet the requirements set forth by NATEP, increasing their chances of securing funding to expand their exporting opportunities.

Funds provided can be utilized for various purposes such as participation in foreign trade missions, website and product translation, and international marketing media design. To qualify for funding, applicants must ensure that at least 85% of the proposed federal award directly benefits New-to-Export Native small businesses (NTE) and Market Expansion Native small businesses (ME).

Applications must be submitted on or before July 31, via www.Grants.gov and must consist of several elements including a cover letter, a technical proposal, budget information, certifications, forms and assurances, and attachments and exhibits. By utilizing the AI legalese decoder, small businesses can streamline the application process, ensuring that all necessary documentation is accurately completed and submitted on time to maximize their chances of receiving funding.

CONTACT: Tiffani Clements U.S. Small Business Administration [email protected]