Today 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.