Trade Adjustment Assistance for Firms (TAA) is a proven, easy-to-use program managed by business professionals who understand manufacturing. TAA focuses on providing financial assistance to import-impacted manufacturers. See how firms and those that refer firms to TAA can benefit from this federal program.
50/50 cost sharing
TAA offers 50/50 cost sharing of projects aimed at improving a manufacturer's competitive position. Specifically, these matching funds are applied toward the cost of consultants, engineers, designers or industry experts for improvement projects in areas such as manufacturing, engineering, marketing, information technology and quality. TAA pays for half of the cost of these services, up to $150,000 in projects with a maximum TAA share of $75,000. Actual levels of assistance depend on a variety of factors. Call us for further details.
Participating companies pay only 50% of a project, but enjoy 100% of the results. With TAA, firms can expedite important improvement strategies that would otherwise be delayed due to financial constraints, thereby allowing faster realization of bottom line benefits from those projects.
Use TAA for certain improvement projects, freeing company resources for other expenses not covered by this federal program, such as equipment purchases.
This is NOT a "reimbursement" program. A firm is responsible for only half of the project costs, while TAA pays the consultant the remainder.
Whether you are a trade association, bank, economic development group, consulting firm or any other organization referring manufacturers to this federal program, TAA offers you an opportunity to...
Be a valuable resource
Pointing your members/clients in the direction of proven, substantive TAA assistance is another chance to reinforce and enhance your image as an excellent resource provider.
Meet new clients/members
Working with the nationwide network of Trade Adjustment Assistance Centers (TAACs) that administer this program could potentially give you coast-to-coast exposure to new clients/members in a wide variety of industries.
Support U.S. manufacturing
In a recent independent study of TAA conducted by the renowned Urban Institute, the program was found to be highly effective with dramatic and measurable results in sales and job growth. Participating firms grew sales by an average of 33.9%, a rate significantly higher than corresponding industry averages. By referring companies to this proven federal assistance program, your organization contributes to the positive effect TAA has on the manufacturing community, local economy and beyond.
Contact your regional TAAC to learn how you can specifically benefit from this program.
Adjustment Assistance For Firms