You’ve got even more competitors this year than last, and they’re likely from all over the globe. That means prices stay down and operating costs stay up. The reality of sustained, open-trade agreements means that imports keep coming. You’ve already made major pricing adjustments, invested in real efficiency improvements and may even have a few ideas for new products or markets—but all that costs money and your sales may be suffering along with your margins. If employment is also down, you lack the resources to plan and implement those critical, innovative changes that could well mean a thriving company.
If both sales and employment are trending downward, the Southeastern Trade Adjustment Assistance Center (SETAAC) can help you chart a course to improve your competitive position and profitability. Since 1974, the SETAAC has helped manufacturers develop and implement turnaround strategies as they adjust to import impact.
The Trade Adjustment Assistance for Firms (TAAF) program is one of four Trade Adjustment Assistance programs authorized under the Trade Act of 1974 and is administered by the U.S. Department of Commerce. The Trade Act delegates responsibility for the TAAF program to the Economic Development Administration (EDA) through the Secretary of Commerce. EDA executes the TAAF program through a national network of 11 Trade Adjustment Assistance Centers (TAAC). SETAAC is one of 11 regional centers located throughout the country, serving clients in eight Southeastern States.