Trade Adjustment Assistance for Firms (TAA) is a federal program that provides cost-sharing assistance to manufacturers affected by import competition. Sponsored by the U.S. Department of Commerce, this federal assistance program helps pay for projects that improve a firm's competitiveness. Read on to see how manufacturers have used Trade Adjustment Assistance with dramatic results.
Success Story #1
Situation:
|
Small food flavorings company was losing sales and jobs to large international rivals |
Solution:
|
Used TAA funds to develop new line of specialty flavorings and implement comprehensive management information system for enhanced customer service |
Success:
|
Sales and employment nearly tripled in four years |
Read excerpt of article from Crain's Chicago Business.
Back to top
Success Story #2
Situation:
|
Baseball cap manufacturer was being undercut by low cost imports in commodity products |
Solution:
|
Used TAA funds to develop "nostalgia" line of vintage baseball caps |
Success:
|
Record year in sales |
Read excerpt of article from The Wall Street Journal.
Back to top
Success Story #3
Situation:
|
Backpack manufacturer struggled to survive as one of the few remaining outerwear firms in the area |
Solution:
|
Used TAA funds to implement a marketing campaign for its new single strap backpack |
Success:
|
Doubled account base in one year |
Read excerpt of article from Washington CEO.
View a list of other articles written about Trade Adjustment Assistance or call your regional contact to learn more.
|