SABJ: UTSA lands $1.2M grant to support trade for manufacturers

Thursday, October 24, 2019

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By Jeannette Garcia  – Reporter, San Antonio Business Journal

Oct 24, 2019, 3:21pm EDT

 

The University of Texas at San Antonio was granted $1.2 million by the U.S. Department of Commerce's Economic Development Administration to support its Southwest Trade Adjustment Assistance Center.

The center assists manufacturing and service companies that have experienced a decline in sales and employment due to foreign competition, specifically imports. If a company meets certain the center's criteria — which includes a decline in sales or production over the last 12 months compared to the prior 12 months, or be able to demonstrate declines in a product line if it accounts for at least 25% of the total sales of the firm, or show that there is a decline or threat of decline amounting to a 5% reduction in employment — it can apply for a cost-share program that brings up to $75,000.

Read full article.

Category: Manufacturing

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