Taking Your Business Global December 5, 2014 Eddy Mayen International Business Development & Protocol NJBAC NJBIA Webinar on the New Jersey State Trade and Export Promotion (STEP) program WELCOME NJBIA Webinar on the New Jersey State Trade and Export Promotion program Objectives of the Webinar – – – – – Present resources for export promotion in New Jersey Present New Jersey State Trade and Export Promotion (NJ STEP) program Introduce Shadetra Robinson, U.S. Small Business Administration Invite NJBIA member companies to consider NJ STEP program as a resource to support export sales and job creation Address and answer questions NJBIA Webinar on the New Jersey State Trade and Export Promotion program Speakers Eddy Mayen, Director, Office of International Business Development and Protocol / New Jersey Department of State Shadetra Robinson, Grant Program Specialist (STEP), U.S. Small Business Administration / Division of International Trade NJBIA Webinar on the New Jersey State Trade and Export Promotion program Ms. Shadetra S. Robinson Grant Program Specialist State Trade and Export Promotion Program (STEP) U.S. Small Business Administration Managing 12 grants and has been with the Federal Government since April 2006. Prior to coming to the SBA, her professional career focus was in the field of disability and mental health with over ten years of experience specializing in youth services. In 2006, Shadetra began her Federal career working for the U.S. Department of Health and Human Services before moving to the Small Business Administration (SBA) 3 years ago to the SBA Office of International Trade. Ms. Robinson has a Master’s in Education, M.ED, and a BS in Psychology from Howard University NJBIA Webinar on the New Jersey State Trade and Export Promotion program Mr. Eddy S. Mayen Director Office of International Business Development and Protocol Business Action Center New Jersey Department of State. The diverse responsibilities of his unit include: everything from export assistance to establishing and maintaining positive working relationships with the foreign business and government community. The International Business Development and Protocol office provides, at no cost to New Jersey companies, trade assistance in export related areas, foreign market intelligence, commercial diplomacy, assistance in overcoming trade barriers; and resources in identifying export market opportunities. Mr. Mayen has a Bachelor’s Degree in International Business from the College of New Jersey, is fluent in Spanish and a 10+ year veteran of the US Army and the NJ National Guard. New Jersey Partnership for Action Lt. Governor Kim Guadagno A “One-Stop-Shop” for Business Seeks to attract and retain businesses Identifies and matches State programs and resources to business’ needs Provides site selection services Assists with permitting and regulatory issues Advances global competitiveness of New Jersey Companies A “One-Stop-Shop” for Business http://www.nj.gov/njbusiness/ Business Action Center 1-866-534-7789 Resources for export promotion in New Jersey Office of International Business Development and Protocol – – – Export promotion Advocacy Protocol and Commercial Diplomacy Staff – – – Jean Chang Gregory Larkin William Spear Mr. William Spear – International Business Advocate Markets covered: - Canada - Northeast Asia - Southeast Asia (except Singapore) - Western Europe - Russia, and the Commonwealth of Independent States (CIS) - India Ms. Jean Chang – International Business Advocate Markets covered: - Greater China Region (Mainland China, Hong Kong, Taiwan), - Singapore - Australia Mr. Gregory Larkin – International Business Advocate Markets covered: - Mexico - Central America - South America - The Continent of Africa - The Caribbean STEP application website http://www.nj.gov/state/bac/njstep.html New Jersey State Trade and Export Promotion (STEP) What is STEP? NJ STEP program: 2012-2014 In 2012, U.S. Small Business Administration (US SBA) awarded New Jersey a STEP grant in the amount of $203,431 to support the export initiatives of “eligible small business concerns.” In the end, the NJ STEP program produced the following results: Actual export sales by reporting companies were $3,619,550. NJ STEP program: 2012-2014 Return on Investment (ROI) for the NJ STEP program was 17.79 : 1 Our projected ROI when the State submitted its proposed program was 6.8 : 1. The State exceeded its initial projected ROI by more than 160%. New Jersey State Trade and Export Promotion (STEP) STEP Year 3 October 1, 2014 – September 29, 2015 New Jersey State Trade and Export Promotion Program (NJ STEP) New Jersey State Trade and Export Promotion Grant Program (NJ STEP) – Year 3 – – – – – – – 2014 Award $275,000 New Jersey one of only 24 states Increase number of new small business exporters Increase value of exports by existing small business exporters Expand job creation & retention Administered by International Business Development and Protocol Office October 1, 2014-September 30, 2015 New Jersey State Trade and Export Promotion (STEP) How to apply NJ STEP program: 2014-2015 The new award came with revised criteria established by the U.S. SBA. STEP support placed an emphasis on the ROI of the activities that support each State’s overall proposed milestone goals. Core standards from the previous program have been maintained: 1) Profitable in the 12 months prior to receiving a STEP sub-grant; 2) In existence for more than one year; and 3) “Small” as defined by the SBA. NJ STEP program: 2014-2015 Further, applicants are requested to project export sales and numbers of new hires if any. All of which is evaluated by the Office to award the most deserving New Jersey exporters STEP support. The results through today’s date are as follows: $32,665 have been awarded to companies projecting over $2,000,000 of exports and 24 new hires. New Jersey State Trade and Export Promotion (STEP) How to apply New Jersey State Trade and Export Promotion Program (NJ STEP) NJ State Trade and Export Promotion Program – (http://www.nj.gov/state/bac/njstep.html) Stage 1 - STEP application requirements: – – – – NJ STEP Program Survey NJ STEP Projected Return on Investment Form Self Representation as an 'Eligible Small Business Concern’ Form Certification Regarding Debarment, Suspension, and Other Responsibility Matters Primary Covered Transactions NJ STEP – Stage 2 application If approved: the following forms/documents are required Stage 2 - STEP application requirements: – 1. Completed and signed original copy of NJ W-9 form http://www.state.nj.us/treasury/omb/forms/pdf/W9.pdf – 2. Current Tax Clearance Certificate issued by the NJ Division of Taxation http://www.state.nj.us/treasury/taxation/busasst.shtml – 3. Copy of current Business Registration Certificate https://www1.state.nj.us/TYTR_BRC/jsp/BRCLoginJsp.jsp – 4. Copy of your firms DUNS number : http://mycredit.dnb.com/ NJ STEP – Stage 3 Post award Upon completion of your event, we require: 1. Submit evidence of paid receipts for costs incurred 2. Brief report on results of event (sales, meetings, projections, leads etc.) 3. Going forward, brief quarterly updates on export sales and/or jobs created, retained New Jersey State Trade and Export Promotion (STEP) What can STEP funds Be used for? New Jersey State Trade and Export Promotion Program (NJ STEP) The NJ STEP program can help support: – – – – Registration cost to trade shows and expos Cost of booth space at a trade show Cost to participate in a trade mission U.S. Department of Commerce – Commercial Service subscription services such as Gold Key services New Jersey STEP Examples International American Supermarket (IAS) - Piscataway Export Assistance to expand to new markets STEP supported Focused Food Mission to Taiwan and SIAL Shanghai show Introduced COFCO (China’s largest food import/export company), and government officers from Shanghai and Taiwan to IAS JACE Systems – Cherry Hill Export Assistance and International Advocacy STEP supported mission to Colombia, medical trade show – MEDICA - UAE Company background check prior to signing up distributorship in Taiwan Scimedx – Dover Export Assistance and International Advocacy STEP supported Medica show in Germany Introduced to Taiwan consular officials; Scimedx was selected by Taiwanese government as one of the NJ companies visiting Taiwan for 1-on-1, B-to-B meetings, with in-country expense paid by Taiwan Odyssey Specialty Vehicles – Wharton New exporter assistance STEP supported International Partner Search (IPS) program in Canada STEP supported InterSec show and Gold Key Programs in Dubai Important Trade Websites - International Business Development & Protocol office http://www.nj.gov/state/bac/dos_bac_international.html - U.S. DOC - NJ Export Assistance http://export.gov/newjersey/ - U.S. Department of Commerce – International http://www.export.gov/index.asp - United States Export / Import Bank (EXIM) http://www.exim.gov/ - Small Business Administration – International Trade https://www.sba.gov/offices/headquarters/oit Further Assistance: Mr. Eddy S. Mayen Director Office of International Business Development & Protocol State of New Jersey Department of State Business Action Center P.O. Box 820 Trenton, New Jersey 08625 USA 609-633-1182 / office 609-292-5509 / fax eddy.mayen@sos.state.nj.us Thank you! Q&A December 5, 2014 Eddy Mayen International Business Development & Protocol NJBAC