The Indy Chamber has announced a grant program meant to help local firms pursue international customers.
JPMorgan Chase provided $200,000 to fund the GoGlobal Export Acceleration Grant program, which will target smaller companies and provide up to $5,000 in matching funds to cover business and marketing costs associated with new export activity.
The Indy Chamber has been working with The Brookings Institution to make international trade one of the community’s economic development priorities.
“The expertise of Brookings and support of JPMorgan Chase have been invaluable in putting together new plans for increasing exports and attracting foreign investment,” Indy Chamber CEO Michael Huber said in a statement. “We’re building a support system that helps companies step-by-step become successful exporters. The new GoGlobal grant program will give businesses a head start on this effort.”
Indianapolis ranks among the top 25 regional export economies, according to the chamber. But Huber said much of this activity is driven by relatively few major manufacturers and life sciences companies. More than 90 percent of Indy firms have no international sales.
The application and program information is available at IndyChamber.com/GoGlobalGrant.