ESD is working in partnership with lenders to extend financing to New York State companies seeking to create or expand direct exports, or to serve as suppliers to larger exporters. Loans of up to $500,000 are available for companies to purchase equipment and inventory needed to deliver on export-related contracts and provide working capital to support foreign accounts receivable. The program benefits businesses unable to access traditional credit markets, and will leverage tens of millions in export financing for New York State companies. For these loans, companies must apply directly through their lender.
Also, ESD is offering interest-free loans of up to $50,000 for Distilled and Fermented Beverage industry businesses to promote New York State’s thriving beverage industry on a global scale. Companies must apply to ESD for these loans. To apply, click here.
ESD is also providing grants of up to $25,000 to help companies start exporting or increase their global exports. For example, grants may be used for market customization, participation in trade shows/missions, export workshops, and product adaptation to meet foreign regulatory requirements. Grants of up to $50,000 are available to non-profit organizations that provide export assistance and trade education to New York State companies. To read the grant guidelines, click here. To apply, click here. Click here for the Line Item Budget Spreadsheet.
Global NY Grant Fund applications are accepted on a rolling basis, but reviewed and approved every other month. Please find the schedule below for the upcoming review and approval rounds. All applications must be complete, including all required attachments, when submitted. Please submit each attachment as a separate document.
Applications submitted between May 17 and July 18 will be reviewed at the end of July 2017.
Applications submitted between July 19 and September 15 will be reviewed at the end of September 2017.
Applications submitted between September 16 and November 17 will be reviewed at the end of November 2017.
Please Note: There must be at least 90 days between the time your application will be reviewed and the time that your first activity will take place. For example, if your application is being reviewed at the end of September, then the earliest the activity can take place will be January 1. This is due to the length of the approval process and the prohibition against incurring costs prior to the award notification (with the exception of trade booth deposits).