Mid-America TAAC personnel complete a Petition application to submit with supporting documentation to the Economic Development Agency (EDA) for certification into the TAAF program. There is no cost to the firm for Mid-America TAAC to prepare their Petition application.
Adjustment Proposal development
Upon petition certification, Mid-America TAAC personnel conduct a thorough assessment of the firm to develop a detailed business recovery strategy to help the firm become more globally competitive. Mid-America TAAC personnel complete an Adjustment Proposal application to submit to EDA for funding approval to implement the improvement strategies. The TAAF program pays 75 percent of the costs of developing a firm’s business recovery plan.
Adjustment Proposal implementation
Upon Adjustment Proposal approval, Mid-America TAAC’s matching cost share grant pays 50 percent (on grants between $30,000 and $150,000) or 75 percent (on grants $30,000 or less) of the cost to implement improvement projects within the company’s business recovery strategy using private sector consultants and industry experts.
Mid-America Trade Adjustment Assistance Center is staffed with experienced business professionals who work collaboratively with manufacturers through each phase of the program — from certification to project implementation and completion.