On Friday, the U.S. Commerce Department's Economic Development Administration (EDA) announced that it would make nearly $37 million in grants available to help communities suffering from the adverse effects of import competition develop ways to more effectively compete in the global economy. The funding is available under EDA's Community Trade Adjustment Assistance (Community TAA) Program, which was created in the American Recovery and Reinvestment Act of 2009.
"While global markets offer tremendous opportunity for economic growth, they also present challenges for many communities," U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez said. "The Community TAA Program will help American communities develop strategies and projects that will transform their communities and help them regain economic competitiveness."
Applicants can visit EDA's Community TAA landing page for complete and updated information on the program. Additional information on how EDA programs are helping distressed communities create a positive and sustainable economic future can be accessed at www.eda.gov.