VEDP offers a number of programs and grants to help Virginia companies grow their international sales.
Trade Show Program
With Virginia’s Trade Show Program, eligible companies can receive up to $10,000 in reimbursements to participate in international trade show exhibits.
In this program, companies purchase their own booth at a trade show relevant to their unique product, service, or industry.
To be eligible, trade shows must occur overseas, or if domestic, have a demonstrated international component. For more information, contact your local international trade expert.
Global Defense Program (GDP)
The Global Defense Program (GDP) helps Virginia’s defense companies diversify into new international markets.
Eligible defense-related companies receive assistance with strategy, export compliance, matchmaking, translation, and more. Participate in on-continent vendor days with U.S. Combatant Commands as well as training sessions held throughout Virginia to prepare your company to go global. Defense-related companies also receive market research services such as identifying potential distributors and due diligence reports. For more information, contact your local international trade expert.
Virginia Leaders in Export Trade (VALET)
VALET is a two-year international business acceleration program. This award-winning program offers a powerful combination of capital resources provided by the Commonwealth and professional services from expert, private sector partners.
Program benefits include executive training, international sales plan development, educational events and customized research. The VALET program generates an average increase in international sales of 54% for participating companies.
Only 25 companies per year are accepted into the VALET program. For more information, contact your local international trade expert.
State Trade Expansion Program (STEP) Grant
The State Trade Expansion Program (STEP) Grant is designed to increase the number of small businesses that are exporting and to raise the value of exports for those small businesses that are currently exporting. The program is funded through a Cooperative Agreement with the U.S. Small Business Administration (SBA).
Program benefits vary by year depending upon federal grant guidelines. For more information, contact your local international trade expert.