The Guam Economic Development Authority (GEDA) is currently accepting applications for eligible Guam businesses interested in the Guam State Trade Expansion Program (Guam STEP).

Funded in part through a Grant with the U.S. Small Business Administration, the Guam STEP is intended to assist eligible small businesses enter and succeed in the international marketplace. The program’s objectives are to increase the number of small businesses that are exporting and to increase the value of exports for those small businesses that are currently exporting.

Guam STEP will guide eligible small businesses through a comprehensive export training and trade show process. Eligible small businesses will engage in either new to export and/or market expansion activities and potentially participate in an international trades show program.

If you would like to inquire information about this program or interested in participating, please contact the Business and Economic Development Division at 671-647-4332.

Interested eligible Guam businesses must submit the following application and supplemental documents by 5:00pm on April 16, 2020.
  • Guam State Trade Expansion Program Client Application Form
  • SBA Self-Representation as an "Eligible Small Business Concern" Form
  • SBA Form 1623 "Certification Regarding Debarment" Form

Applications may be submitted via hand delivery to:

    590 South Marine Corps Drive
    Suite 511, ITC Building
    Tamuning, Guam 96913
STEP Grant Application Forms
Businesses must meet the following requirements to participate in Guam STEP:
  • Meet the federal requirements of an Eligible Small Business Concern
    • Is organized or incorporated in the United States;
    • Is operating in the United States;
    • Meets
      • The applicable industry-based small business size standard established under section 3 of the Small Business Act; or
      • The alternate size standard applicable to the program under section 7(a) of the Small Business Act and the loan programs under title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.);

The U.S. Small Business Administration (SBA) size standards are found at 13 C.F.R. Part 121. Use the following sba.gov link for information on size standards for your business (https://www.sba.gov/federal-contracting/contracting-guide/size-standards).

    • Has been in business for not less than 1 year, as of the date on which assistance using a grant under this subsection commences; and
    • Has access to sufficient resources to bear the costs associated with trade, including the costs of packing, shipping, freight forwarding, and customs brokers.
  • Registered to do business in Guam
  • Certify that your company is not barred from receiving federal funds
  • Must be an export-ready U.S. company seeking to export goods or services of U.S. origin or that has at least 51% U.S. content
  • Access to export training workshops
  • Access to the U.S. Department of Commerce, U.S. Commercial Services “Gold Key Services” program
  • Eligible to participate in international trade shows and foreign trade missions
  • New to export and/or market expansion opportunities
  • Boosted revenue

What are the objectives of the Guam State Trade Expansion Program?

 The program’s objectives are to increase the number of small businesses that are exporting and to increase the value of exports for those small businesses that are currently exporting. Guam STEP will guide eligible small businesses through a comprehensive export training and trade show process. Eligible small businesses will engage in either new to export and/or market expansion activities and potentially participate in an international trades show program.

Am I eligible for the Guam State Trade Expansion Program?

Businesses must meet the following requirements to participate in Guam STEP:
  • Meet the federal requirements of an Eligible Small Business Concern
  • Registered to do business in Guam
  • Certify that your company is not barred from receiving federal funds
  • Must be an export-ready U.S. company seeking to export goods or services of U.S. origin or that has at least 51% U.S. content

What is an Eligible Small Business Concern (ESBC)?

Section 503 of the Trade Facilitation and Trade Enforcement Act of 2015 defines the term 'eligible small business concern,’ as a business concern that:
  1. Is organized or incorporated in the United States;
  2. Is operating in the United States;
  3. Meets
    • The applicable industry-based small business size standard established under section 3 of the Small Business Act; or
    • The alternate size standard applicable to the program under section 7(a) of the Small Business Act and the loan programs under title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.);

The U.S. Small Business Administration (SBA) size standards are found at 13 C.F.R. Part 121. Use the following sba.gov link for information on size standards for your business (https://www.sba.gov/federal-contracting/contracting-guide/size-standards).

  1. Has been in business for not less than 1 year, as of the date on which assistance using a grant under this subsection commences; and
  2. Has access to sufficient resources to bear the costs associated with trade, including the costs of packing, shipping, freight forwarding, and customs brokers.

What trainings does the Guam State Trade Expansion Program provide?

The Guam Economic Development Authority is partnering with the Pacific Islands SBDC Network to provide Guam STEP participants with a series of export-related trainings that include but are not limited to the following:
  • Getting Started in Exporting
  • Market Research
  • Market Entry
  • Regulations
  • Logistics (Customs, Ports of Entry, Freight Forwarding)
  • Banking
  • Trade Show Preparation

What are the benefits of participating in the Guam State Trade Expansion Program?

 Benefits to Guam STEP participants include:
  • Access to export training workshops
  • Access to the U.S. Department of Commerce, U.S. Commercial Services “Gold Key Services” program
  • Eligible to participate in international trade shows and foreign trade missions
  • New to export and/or market expansion opportunities
  • Boosted revenue

What is the Gold Key Services Program?

The Gold Key Service Program provides U.S. companies with matchmaking appointments with up to five interested partners in a foreign market. The full service includes identification and outreach to potential matching firms, sending client’s information to identified matching firms, preparing a profile of interested firms, attending the appointments and providing a report with the profile and contact information for interested firms.  

Are there any costs to participate in the Guam State Trade Expansion Program?

Trainings will be provided at no cost to all Guam STEP participants. Access to the U.S. Department of Commerce, U.S. Commercial Services “Gold Key Services” program will be provided at no costs to selected export-ready STEP participants. Guam STEP participants selected to showcase their products at an international trade show will be required to cover their travel and accommodations to the event.

How can I assess my company’s readiness for export?

If you are unsure of your company’s readiness for export, take the Exporter Assessments provided by the U.S. Department of Commerce’s International Trade Administration. Assessments for New Exporters, Expanding Exporters, and Experienced Exporters will assist you in identifying your company’s next steps to export.

How can I apply?

Interested eligible Guam businesses must submit the following application and supplemental documents by 5:00pm on April 16, 2020:
  • Guam State Trade Expansion Program Client Application Form
  • SBA Self-Representation as an "Eligible Small Business Concern" Form
  • SBA Form 1623 "Certification Regarding Debarment" Form
The Guam STEP application form and supplemental forms can be downloaded at www.investguam.com.

Applications may be submitted via hand delivery to:
    590 South Marine Corps Drive
    Suite 511, ITC Building
    Tamuning, Guam 96913

How is the Guam State Trade Expansion Program funded?

The Guam STEP is funded in part through a Grant with the U.S. Small Business Administration