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Let SSYH and the Government's TAA program help!
SSYH, along with a popular government assistance program called the "Trade Adjustment Assistance Program", has a solution to ease the burden of manufacturing companies that have lost at least 20% of their business to overseas firms, the newly expanded TAA program is available to provide recovery funds to American manufacturing companies. With new accessibility terms from recent TARP legislation and the American Recovery and Reinvestment Act of 2009, more manufacturing firms are eligible to receive matching funds from the TAA program for implementing new projects.
Benifits of the Trade Adjustment Assistance Program
- 50/50 Cost Sharing
- Minimize investment and maximize results
- Leverage resources
- Cash flow advantages
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.
Minimize investment and maximize results
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.
Leverage resources
Use TAA for certain improvement projects, freeing company resources for other expenses not covered by this federal program, such as equipment purchases.
Cash flow advantages
This is NOT a "reimbursement" program. A firm is responsible for only half of the project costs, while TAA pays the consultant the remainder.
Contact us to learn more about how we can help you take advantage of the TAA Program. |
