What is Trade Adjustment Assistance for Firms?
The Trade Adjustment Assistance for Firms (TAA for Firms) program is a federal grant program designed to help import-impacted U.S. firms develop and implement business recovery strategies to strengthen their competitiveness in the global marketplace.
Benefits of the Program
- Up to $75,000 in grant funds
- 50/50 cost sharing for strategic projects
- Exclusive program for small-to-medium sized U.S. firms
- Objective assessment of business operations from experienced business professionals
- Ongoing support and commitment for two to three years to help you navigate through change and manage the process to a successful outcome
Congress established the TAA for Firms program with the Trade Act of 1974, in an effort to assist U.S. firms negatively impacted from increases in foreign imports. TAA for Firms is a cost sharing federal grant program that pays a portion of professional consultant expenses or industry-specific expert services for projects that improve a firm’s competitiveness, thereby increasing sales and creating U.S. jobs.