The TAA for Firms program is available to manufacturing firms headquartered in the U.S. Our staff will work with you at no cost to determine if your company is eligible for grant funding. Specific requirements to qualify for assistance include a decrease in sales or production and employment, as well as business lost to foreign competition.
There are three phases to the program. The process is simple.
Step 1: Application
RMTAAC will provide an initial consultation to assess your firm’s eligibility and prepare an application on your behalf. Any information provided to RMTAAC is held in the strictest confidence. This first phase takes less than one month to complete, depending on the accessibility of company information.
Step 2: Analysis Plan
Upon approval of your application, an RMTAAC Project Manager will work with your management team to develop a customized plan to identify projects that will most benefit from allocation of grant funding. This plan will include an industry review and competitive analysis. To assure company buy-in to the plan and cost shared funding, the Department of Commerce charges the company 25% of the plan development cost. This second phase usually takes only two months to complete.
Step 3. Implementation
Upon approval of your firm’s analysis plan, your firm may move forward with the projects identified within the plan to strengthen your business. Once accepted to the program, our partnership generally lasts 3-5 years.