The money will be distributed via grants to companies within the state to help them determine where in the world there is demand for their products and services.
Over the past two years, the federal State Trade and Export Promotion grant program has helped scores of New Hampshire businesses expand into markets worldwide. To keep the momentum, UPS, which moves about 2 percent of the planet’s GDP, joined in the partnership.
The $15,000 fund is available to all New Hampshire businesses, with a concentration on manufacturing companies with fewer than 1,500 employees in their New Hampshire locations.
The Granite State District Export Council will administer the program and the New Hampshire International Trade Resource Center will be the coordinating agency. The indirect grants are capped at $1,000.
For more information on the Export Expansion Fund, visit ExportNH.org or call 271-8444.