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Funding Approval Process

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The New York State Trade Adjustment Assistance Center (NYS TAAC) provides assistance on a cost share basis under the Trade Adjustment Assistance for Firms (TAA) program sponsored by the U.S. Department of Commerce. The process for obtaining NYS TAAC funding for projects under the TAA program includes the steps described below.

Step 1 – Eligibility Certification

Initial contact between the NYS TAAC and the firm
The NYS TAAC sends literature and forms to the firm
Forms are completed and returned to the NYS TAAC
The firm is prequalified by the NYS TAAC based on information on
    the forms
The NYS TAAC completes the Eligibility Petition for the firm, attaches
    all required documents, and visits the firm if required
The NYS TAAC submits the completed Eligibility Petition to the U.S.
    Department of Commerce (DOC) in Washington, DC
The DOC determines if the firm should be certified for the program

The total elapsed time for this step is typically 2 to 3 months. There is no cost to the firm for this step.

Step 2 – Development of an Adjustment Proposal

The NYS TAAC completes an initial visit with the firm
The NYS TAAC performs an on-site Diagnostic Review and prepares
    an Adjustment Proposal
The NYS TAAC submits the completed Adjustment Proposal Package to
    the DOC for Approval
The DOC determines if the Adjustment Proposal is approved

The total elapsed time for this step is typically 2 to 4 months. There is a small, cost shared, fee for this step. The firm pays 25% of the cost and the Federal government pays 75% of the cost for this step.

Step 3 – Project Implementation

The NYS TAAC issues Requests for Proposals (RFPs) for the project to
    consultants
The firm and the NYS TAAC select the consultant and award a Contract
    to the consultant
The NYS TAAC begins monitoring and administering the project(s)
    for the firm

       

 



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Last modified: 07/31/07