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U.S. Commerce Department Announces $13 Million in Investments to Support U.S. Manufacturers Negatively Affected by Increased Imports
By Sentinel News Service
Published September 14, 2020

WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachusetts, Michigan, Missouri, New York, Pennsylvania, Texas, and Washington.

“The Trump administration is committed to providing a level playing field for American manufacturers,” said Secretary of Commerce Wilbur Ross. “This program provides critical technical assistance to firms to help them develop and implement projects to regain global competitiveness, expand market share, and create jobs.”

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The 11 grants are:

  • $1.4 million to the University of Southern California, Los Angeles, California, for the Western Trade Adjustment Assistance Center.
  • $1.3 million to the MidAtlantic Employers’ Association, King of Prussia, Pennsylvania, for the Mid-Atlantic Trade Adjustment Assistance Center,
  • $1.3 million to the University of Colorado at Boulder, for the Rocky Mountain Trade Adjustment Assistance Center,
  • $1.3 million to the University of Texas at San Antonio, for the Southwest Trade Adjustment Assistance Center,
  • $1.2 million to the Trade Task Group, Seattle, Washington, for the Northwest Trade Adjustment Assistance Center,
  • $1.2 million to the Georgia Tech Research Corporation, Atlanta, Georgia, for the Southeastern Trade Adjustment Assistance Center,
  • $1.1 million to the University of Michigan, Ann Arbor, for the Great Lakes Trade Adjustment Assistance Center,
  • $1.1 million to the University of Missouri–Columbia, for the Mid-America Trade Adjustment Assistance Center,
  • $1.1 million to the New England Trade Adjustment Assistance Center, Inc., North Billerica, Massachusetts, for the New England Trade Adjustment Assistance Center,
  • $1 million to the Applied Strategies International, Ltd., Chicago, Illinois, for the Midwest Trade Adjustment Assistance Center, and
  • $951,290 to the Research Foundation of the State University of New York at Binghamton, for the Trade Adjustment Assistance Center Serving New York, New Jersey and the Commonwealth of Puerto Rico.

 

EDA’s Trade Adjustment Assistance for Firms program funds 11 Trade Adjustment Assistance Centers across the nation. The centers support a wide range of technical, planning, and business recovery projects that help companies and the communities that depend on them adapt to international competition and diversify their economies. The grants announced today are for the fifth year of a funding cycle running from 2016 to 2021. Additional information on the program is available at www.taacenters.org.

 

About the U.S. Economic Development Administration (www.eda.gov):

‪‪The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

Categories: Business | Economy
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