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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.
Under the TAA program, the Federal government can underwrite up to 75% of the
cost. Two different cost share options are available for NYS TAAC project
funding under the TAA program as described below.
50/50 Percent Cost Share Option
 •
There is a maximum of $150,000 of total project funding under this
 option.
•
The firm pays 50% of the project fee to the consultant.
•
The Federal government pays 50% of the project fee to the consultant
through
the NYS TAAC.
•
The firm pays a fee equal to 2% of the approved Federal government
cost
share amount to the NYS TAAC for administration of the project.
Example: $50,000 Project
The firm pays 50% of $50,000 to the consultant:
 $25,000.00
The Federal government pays 50% of $50,000
to the consultant:
$25,000.00
The firm pays 2% of $25,000 to the NYS TAAC:
500.00
Benefits of 50/50 Percent Cost Share Option
•
This option provides the highest funding level available for
projects.
•
This option can fund multiple and/or larger projects.
25/75 Percent Cost Share Option
•
There is a maximum of $30,000 of total project funding with this
option.
•
The firm pays 25% of the project fee to the consultant.
•
The Federal government pays 75% of the project fee to the
consultant
through the NYS TAAC.
•
The firm pays a fee equal to 2% of the approved Federal government
cost
share amount to the NYS TAAC for administration of the project.
Example: $30,000 Project
The firm pays 25% of $30,000 to the consultant:
$7,500.00
The Federal government pays 75% of $30,000
to the consultant:
$22,500.00
The firm pays 2% of $22,500 to the NYS TAAC:
$450.00
Benefits of 25/75 Percent Cost Share Option
•
This option provides the highest cost share percentage available for
projects.
•
This option can fund one or more smaller projects.
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