Assisting Companies Impacted by Foreign Competition
The NYS Trade Adjustment Assistance Center (TAAC) in Binghamton has helped over 1500 New York firms recover from the effects of foreign competition and has provided more than $55 million in assistance. If your company has experienced foreign competition that has resulted in a decline in sales or production, and a decline or impending decline in employment, it is likely that financial help is available to help pay for projects to improve your competitive position.
Trade Adjustment Assistance (TAA) grants are structured to cover between 50% and 75% of the cost of projects. There is no cost to determine qualification for the program and all inquiries are confidential. Applications for assistance under the TAA program can be made at any time of the year. If your company is not immediately eligible for the program, you can apply at a later time if conditions change.
A number of companies in the Southern Tier have benefitted from TAA grants that helped fund projects such as Lean Manufacturing Training and Implementation, Process Improvements, Sales and Marketing, Quality Improvements, ISO 9001:2008 Registration, Strategic Planning, Management Development, and much more.
"With the downturn of the economic climate in recent years and pressures from offshore manufacturing, being involved and engaging with the TAA Center was instrumental and vital to our well being. The staff are very professional and efficient. They made it very painless to participate in the program and without unbearable red tape as with many government programs." Mark Vergari, Vice President, Mamco Precision Molding, Oneonta.
For more information and guidance on applying for a TAA grant, contact Jim Cunningham at AM&T: (607) 725-1225 or jcunningham@amt-mep.org
See this and other newsletter articles at http://amt-mep.org/files/6513/6058/5076/2013-02.pdf
Visit our website at http://www.amt-mep.org
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