MDCP Awards: Industry Groups Can Get Up to $300,000 for Foreign Market Development Projects
Each year, ITA makes several financial assistance awards to industry groups to pursue projects that help U.S. firms export and create jobs. Take a look at our flyer then find out more about getting funds to help on our About MDCP page.
2015 MDCP Applications Due April 27
Start now to prepare your application for MDCP funding. See How to Apply for more details. Applications are due April 27, 2015. The announcement was published on grants.gov on March 10.
Differences Between the 2015 and 2014 Announcements
Two differences are worth noting for 2015: 1. Minimum project period is three (3) years with a maximum of five (5) years. 2. A de minimis 10% indirect cost rate may be claimed by any applicant without any requirement of questionnaire responses or certification. See our new mock application.
March 11 & 25: Let's Talk About Crafting a Good MDCP Export Project
Please join us for either or both of two public meetings: March 11 and March 25 at 2 pm EST. Review tips on drafting good project plans. Examine templates that can streamline your budget preparation. Find out how to generate information for required forms. Ask questions and benefit from questions by others.
Details are the same for both meetings. You can participate in person at the Herbert C. Hoover Building, 1401 Constitution Ave., N.W., Washington, DC. TheMarch 11 meeting will be held in Room 1414. (Note that this is a different room than was announced earlier.) The March 25 meeting will be held in Room 1411. Many interested parties may prefer to participate via conference call. We will be referring extensively to trade.gov/mdcp. Dial-in on: 203-280-9578 6504789#
Who from ITA Works with MDCP Award Winners?
In addition to MDCP Director Brad Hess, MDCP award winners will work with a team of ITA professionals who can help them accomplish project goals. You can search for likely ITA team members using the directories on line 4 of Step-by-Step Application Process.
Exports Create Jobs
A couple of years ago it was estimated that a $180,000 increase in exports creates one U.S. job. (A study on jobs and exports of 2013 trade and employment data indicates that $ billion in exports creates or sustains 5,590 jobs. Or, about $180,000 in exports creates or sustains one U.S. job, $1,000,000,000/5,590=$178,890.) Because exporting creates or sustains U.S. jobs, MDCP projects contribute to the prosperity of U.S. workers.
More on the effect that MDCP project-generated exports have on creating or sustaining jobs.