The Federal share of project cost for states that have high export volumes will be 65% and State matching funds required will be 35% of the sum of the Federal award.

High export volume was determined based upon U.

S.

Census Bureau export data by state.

This means that

credit:

for every $1 of Federal funds proposed, these Recipients must provide $.53846 in match.

For purposes of this Funding Opportunity Announcement, the high export volume States are:
Texas, California and Washington.

The Federal share of project cost for States that do not have high export volume will be 75% and State matching funds required will be 25% of the sum of the Federal award and Recipient match amount.

This means that for every $1 of Federal funds proposed, these Recipients must provide $.333333 in match.

If an insular area non-Federal entity is an agency or instrumentality of the area’s government, pursuant to 48 U.S.C.

§ 1469a, SBA will waive up to $200,000 of the matching funds required if a STEP award is made to American Samoa, Guam, the U.

S.

Virgin Islands, or the Commonwealth of Northern Mariana Islands.

If the insular area non-Federal entity is not an agency or instrumentality of the area’s government, the full matching funds requirement applies.

Matching funds must be comprised of not less than 50% cash and not more than 50% of indirect and in-kind contributions.

Matching funds may not be derived from any Federal program.

Non-Federal entity personnel salary and fringe proposed as match will be counted as cash.

Non-Federal entities may not use program income for the purpose of meeting their match.