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Missouri receives nearly $1 million to boost foreign trade

Wednesday, September 28, 2011 | 7:55 a.m. CDT; updated 11:55 a.m. CDT, Wednesday, September 28, 2011

JEFFERSON CITY — Missouri is getting nearly $1 million from the federal government to bring foreign trade delegations to the state to shop for in-state products.

The grant from the U.S. Small Business Administration is part of a nationwide project intended to help small businesses increase their exports. Nearly every state received some money, but each state modeled its program differently. Missouri's grant amount ranks as the seventh largest among states.

Sen. Claire McCaskill said Missouri plans to use the money to bring delegations from China, Korea and Mexico to the state to buy products, instead of having representatives of Missouri-based companies travel abroad to sell their goods.

 


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