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Secretary Locke Announces Grants to Boost Exports and Promote U.S. Competitiveness

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Export GrantsToday U.S. Commerce Secretary Gary Locke announced more than $1.7 million in grants to support projects that increase U.S. exports, create jobs and strengthen our global competitive edge.  The grants will be awarded to five non-profit industry organizations and are expected to generate $265 million in U.S. exports. 

These awards are part of Commerce’s Market Development Cooperator Program (MDCP), which includes financial and technical assistance from the International Trade Administration to support business plans that help increase exports and U.S. competitiveness within certain industries. Projects receiving funding include efforts to increase exports among small manufacturers of water treatment equipment and independent film makers.

“These funds will help U.S. firms compete globally so they can sell more of their goods and services abroad and create jobs here in the U.S.,” Locke said. “The [Market Development Cooperator Program] is a good example of how public-private sector partnerships can leverage limited public resources to help small- and medium-sized businesses expand their exports to compete in the global marketplace.” 

These cooperative agreements help to further President Obama’s National Export Initiative, which aims to double U.S. exports within the next five years in support of several million U.S. jobs.

See the five recipients of the 2010 Market Development Cooperator Program awards.

Learn more about the Market Development Cooperator Program.  |  Release

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Boosting Exports

Why would the Department of Commerce be against providing incentives for U.S. Multinationals to move production back to the U.S.? How does moving production overseas contribute to our economy? It makes multinationals wealthier, CEOs get huge pay checks and stock options, high-level executives get lots of big bonuses, but how does the benefit America? Why should the U.S. continue to be a member of the WTO, what are we getting out of it? The Department of Commerce always seems to be on the side of big corporations and it doesn't seem to care about our economy or the average U.S. person who just needs a job with a living wage. I would just like to know why we would ever put a policy in place that provides incentives for our companies to move our jobs overseas!?

This policy does not do that

This program helps open up new markets for American companies to export to. This program will increase employment for Americans.