WASHINGTON, DC – Today, U.S. Senator Jacky Rosen (D-NV), a member of the Senate Small Business and Entrepreneurship Committee and Chair of the Senate’s Subcommittee on Tourism, Trade, and Export Promotion, announced that the U.S. Small Business Administration (SBA) has awarded $500,000 in grant funding to Nevada as a part of the SBA’s State Trade Expansion Program, which provides grants to states and territories to help small businesses grow the volume and value of their exports.
“Small businesses are the heart of our economy in Nevada – they make up more than 99 percent of our state’s businesses,” said Senator Rosen. “I’m proud to announce that Nevada will receive $500,000 to implement the STEP program in our state and provide small businesses with more resources to thrive and expand into new international markets.”
Senator Rosen has been a leader in supporting small businesses and entrepreneurs. She is the lead sponsor of the Minority Entrepreneurship Grant Program Act, bipartisan legislation to provide grants to Minority-Serving Institutions (MSIs) and Historically Black Colleges and Universities (HBCUs) to increase opportunities for minority student small business ownership and entrepreneurship. In 2021, Rosen successfully led the charge to raise the SBA’s cap on Economic Injury Disaster Loans (EIDL) in order to provide more support to small businesses suffering from the economic impacts of the COVID-19 pandemic.