Kentucky businesses in the Louisville-Lexington region are being encouraged to apply for grants to help them export their products internationally.
The JP Morgan Chase Foundation is providing the $200,000 grant in partnership with the Bluegrass Economic Advancement Movement known as BEAM, which focuses on improving business in the region between the state’s two largest cities, Louisville and Lexington.
“I believe today that if you have international competitors and you’re not exporting, it’s just a matter of time before they come and eat your lunch,” says Mayor Greg Fischer.
Small businesses making under $40 million in revenue can apply for grants that can be used for a variety of resources to help them expand internationally, like attending conferences or individualizing market research. Officials say all of Kentucky’s small businesses can apply, but officials will focus on the 22-county BEAM region.
Businesses can apply for up to $4,500 grants.