Are you a manufacturer that has been hurt by import trade? We understand the challenges that may have negatively impacted your business. Fortunately there may be help available through The New England Trade Adjustment Assistance Center (NETAAC).
Grant assistance is now available through The New England Trade Adjustment Assistance Center (NETAAC) that is specifically tailored toward manufacturers that have been negatively impacted by foreign imports. The federally funded grants, which cover 75% of the costs of projects under $30,000 and 50% for ones exceeding that amount, can be accessed by small, mid-sized and large companies from a variety of industries throughout the states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut.
Qualifying businesses receive financial assistance to co-fund business-reviving initiatives that can address marketing, branding, strategy planning, e-commerce, lean manufacturing, ISO registration, and more.
Financial aid is available for those qualifying New England businesses that have experienced:
- Declines in product sales and/or product production
- A reduction in workforce (or anticipate a workforce reduction)
NETAAC receives funding through the Economic Development Administration (EDA), under the U.S. Department of Commerce, through the national Trade Adjustment Assistance (TAA) for Firms program.