Business People Standing Individually And A Green Cartography Of The World Above.Are you a manufacturer whose business has been negatively affected by foreign competition? There is a federal program administered by the Mid-Atlantic Trade Adjustment Assistance Center (MATAAC) which can help you identify industry-specific experts to help your business recover and become more globally competitive… and they’ll share 50% of the project costs. In early July, President Obama signed new trade legislation which included a re-authorization of the Trade Adjustment Assistance for Firms (TAAF) for another 6 years. Many companies are familiar with TAA for employees. This is a type of TAA for the employers.  New changes to the grant program include:

  • Lookback period to qualify a business as trade injured has been extended from the current 2-year period to 4 years.
  • The new lookback criteria applies retroactively to any firm that would have qualified for certification had these new rules already been in place, if company re-files its documentation by September 27, 2015.
  • A firm can be re-certified as trade injured & therefore apply for more assistance. The decision is made on a case-by-case basis & requires a compelling argument to the agency for a renewed classification.
  • MATAAC was allocated additional monies to offer assistance between now and March 31, 2016.

Check for additional information. Contact one of the NWIRC Business Advisors to inquire about other mini-grants that can assist with projects to improve your competitive edge.