Supporting Manufacturing in Missouri
Trade Adjustment Assistance Firms (TAAF) is a federal program funded by the U.S. Department of Commerce’s Economic Development Administration and is a partnership of the U.S. Department of Commerce, MU College of Engineering and the University of Missouri Extension’s Business Development Program. TAAF’s mission is to boost American manufacturers’ ability to compete in a global market of less expensive foreign competition. The Mid-America Trade Adjustment Assistance Center (TAAC) implements this mission by providing technical assistance and funding to manufacturers that have been negatively impacted by import competition by providing grant funds and technical assistance to improve a variety of manufacturing, marketing, financial and IT issues.
Eligible firms are assisted in two ways:
- TAAC personnel conduct a comprehensive company assessment to identify and prioritize opportunities for increased profits, job creation and long-term financial stability.
- TAAF partners with manufacturers by offering grant funding of either $150,000 (50 percent company match) or $30,000 (25 percent company match) to implement projects that are focused on improving a firm’s internal operations and competitive abilities for increased profits, jobs creation and long-term financial stability.
Contact your local SBTDC center to learn more about this business assistance opportunity.