11.313: Trade Adjustment Assistance for Firms

11.313

Active

Economic Development Administration (EDA) [DOC]

Aug. 2, 2022

Aug. 2, 2022

The Trade Adjustment Assistance for Firms (TAAF) program helps economically distressed U.S. business in building strategies to increase exports and thereby create jobs. The program provides technical assistance to U.S. businesses that have lost sales and employment due to increased imports of similar goods and services. Technical assistance is provided through a nationwide network of eleven Economic Development Administration (EDA) funded Trade Adjustment Assistance Centers (TAACs).

B - Cooperative Agreements

Section 253 of the Trade Act (19 U.S.C. § 2343(b)) provides that grants may be awarded to intermediary organizations (including Trade Adjustment Assistance Centers) to provide assistance to trade-injured firms. For an industry association or other organizations to be eligible for industry assistance under section 265 of the Trade Act (19 U.S.C. § 2355(a)), the applicant must submit evidence demonstrating that the industry faces import competition and includes a substantial number of Trade Act-certified firms or worker groups.

Only firms certified by EDA on behalf of the Secretary of Commerce are eligible for assistance under the TAAF program. Industries that can demonstrate they have been injured by imports and have a substantial number of Trade Act certified firm or worker groups may also benefit. The principal benefit is cost-shared technical assistance: the TAA program pays up to one-half of the cost of assistance by private-sector consultants and contractors for operational improvements at certified firms.

17.245 - Trade Adjustment Assistance

https://sam.gov/fal/d1bcc2150ed844879b2b6bdc88046102/view