About New england trade adjustment assistance center (netaac)
New England Trade Adjustment Assistance Center (NETAAC) is a federally-funded organization that provides financial grants to manufacturers in the New England region who have been negatively impacted by import trade. The cost-share grant assistance offered by NETAAC helps these manufacturers to remain competitive and continue operating in the face of increased competition from foreign imports.
The mission of NETAAC is to help manufacturers in New England overcome the challenges posed by import trade. The organization works closely with businesses to identify areas where they are struggling and develop strategies for overcoming these challenges. By providing financial assistance, NETAAC helps businesses invest in new technologies, improve their production processes, and expand their markets.
One of the key benefits of working with NETAAC is that they offer a wide range of services designed specifically for manufacturers. These services include technical assistance, market research, and training programs that help businesses stay up-to-date with the latest industry trends and best practices. Additionally, NETAAC has a team of experienced professionals who can provide guidance on everything from supply chain management to export regulations.
Another advantage of working with NETAAC is that they have a deep understanding of the unique challenges facing New England manufacturers. They are familiar with local markets and can provide valuable insights into how businesses can succeed in this region. This expertise allows them to tailor their services to meet the specific needs of each business they work with.
NETAAC's cost-share grant program is one example of how they support local manufacturing businesses. This program provides funding for projects such as equipment upgrades, process improvements, marketing initiatives, and workforce development programs. By sharing costs with eligible companies on approved projects up to $75K per company over two years period , NETACC helps these companies make critical investments without putting undue strain on their finances.
In addition to its grant program, NETACC also offers other forms of financial assistance such as loans or loan guarantees through its partnership network . These partnerships allow them access additional resources to help businesses grow and thrive.
NETAAC's commitment to supporting local manufacturers has earned them a reputation as a trusted partner in the New England business community. Their team of experts is dedicated to helping businesses overcome challenges and achieve their goals. Whether you are looking for technical assistance, market research, or financial support, NETAAC is here to help. Contact them today to learn more about how they can assist your business.