|
|
TAA Process
The Trade Adjustment Assistance (TAA) program includes three phases:
Phase 2 Diagnostic Analysis/Adjustment Plan
After a manufacturer is certified, MATAAC will work with your management team to prepare a customized Adjustment Plan designed to stimulate your recovery and growth. First, MATAAC must conduct a Diagnostic Analysis of the firm's operations, including its internal and external operating environments, strengths and weaknesses. The results of this diagnostic analysis will provide the groundwork on which the Adjustment Plan assistance program is built.
Define Strategy Collaboratively
MATAAC and your firm will work together to define the scope of work, technical and financial assistance needs, and adjustment strategy. The strategy may involve specialized eligible projects in areas such as (but not limited to) marketing, export assistance, product development, plant layout, worker incentives, cost control, the preparation of business plans, and financial restructuring.
Clear, Individualized Recovery Plan
A MATAAC staff member will draft an Adjustment Plan, intended to identify areas that will most benefit from allocation of grant funding. It includes an in-depth financial analysis, industry review and your company's position within it, and global trends. The Plan also outlines a clear, logical and practical strategy for recovery and the technical assistance projects the firm wishes to undertake with the help of a consultant. Each plan is completely individualized based on the firm, its industry, and its situation.
Added Bonus
The Diagnostic Analysis/Adjustment Plan has often been used successfully to secure financing through commercial lending institutions and government agencies such as the Small Business Administration.
Click here to view a sample Diagnostic Analysis/Adjustment Plan.
|
There is no cost to get started. Contact us today. Call, fax, or email to see if your firm can qualify for this unique grant.
Phase 1
Total Cost to Firm: FREE
MATAAC Pays: 100%
Total Time: Approximately 4-6 weeks.
Phase 2
Total Cost to Firm: 25% of the total cost.
MATAAC Pays: 75%
Total Time: Approximately 6-12 weeks, depending upon the complexity of a firm's needs.
Phase 3
Total Cost to Firm: up to 50% of the total cost.
MATAAC Pays: up to 50% of the total cost.
Total Time: The firm has 2-3 years after Adjustment Plan approval to utilize the grant funds and must start a project within 6 months of approval.
Click here to view a summary of the TAA Program Sequence. |
