August 23, 2022

EDA: $13.5 Million Announced to Support U.S. Manufacturers

Today, U.S. Secretary of Commerce Gina Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachusetts, Michigan, Missouri, New York, Pennsylvania, Texas, and Washington.

“The Biden administration is committed to providing communities and businesses with the resources they need to succeed in a global marketplace,” said Secretary of Commerce Gina Raimondo. “EDA Trade Adjustment Assistance Centers provide manufacturers with the technical assistance they need to implement projects to regain global competitiveness, expand market share, and create good paying jobs.”

“Manufacturing provides Americans with rewarding, good paying jobs,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “EDA’s Trade Adjustment Assistance Centers work to ensure that our manufacturers are primed to creating the innovations and jobs of the future.”

The 11 grants are:

EDA’s Trade Adjustment Assistance for Firms program funds 11 Trade Adjustment Assistance Centers across the nation. The centers support a wide range of technical, planning, and business recovery projects that help companies and the communities that depend on them adapt to international competition and diversify their economies.

The grants announced today are for the seventh year of a funding cycle running from 2016 to 2023. Additional information on the program is available at https://eda.gov/taaf/.

About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

This post was originally published here.