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Updated FTA Tariff Tool Helps U.S. Exporters Calculate Tariff Benefits under TPP and Make Strategic Business Decisions
Created on April 18, 2016
With the launch of the Free Trade Agreement (FTA) Tariff Tool in 2011, the International Trade Administration (ITA) provided a first-of-its-kind way for U.S. businesses to calculate the tariff benefits for their products in U.S. free trade agreement partner countries. ITA has now expanded that tool to include tariff information for the 11 countries that recently signed the Trans-Pacific Partnership (TPP).
For any exporter, especially an SME, researching the tariff rate for their product in an FTA partner market can be costly and time consuming. The tariff schedules among our 11 TPP partners account for thousands of pages in the agreement. If an exporter is lucky enough to find out where their specific product is in the tariff schedule, they may still have challenges determining what that tariff will be next year, or in five years, or in 10 years. Businesses – especially smaller companies – need this information for sound business planning in the medium and long term.
Created on April 15, 2016
EDA plans to release the Federal Funding Opportunity (FFO) and begin accepting applications for the 2016 round of Regional Innovation Strategies (RIS) Programfunding on April 25, 2016; the application period will be open for 60 days. In this 2016 round, a total of $15 million in Federal funding is available to create and expand cluster-focused proof-of-concept and commercialization programs and early-stage seed capital funds through the i6 Challenge and the Seed Fund Support (SFS) Grant competition, respectively.
EDA will host a series of webinars April 19-21, 2016, to encourage all potential applicants to think about their strategies for developing regional opportunities, partnerships, and approaches by sharing the RIS Program’s high-level objectives. OIE staff will provide an overview of the Programand its objectives and RIS grantees will provide real-world highlights of their RIS projects, including the problems they set out to solve and the activities, outputs, and impacts that their RIS grants have supported. Each webinar will end with a Q&A session that will be open to all participants but that will focus on specific categories of applicants or geographies as noted below. EDA will host the webinars at the following times:
Earlier this month, the Department of Commerce established the United States Investment Advisory Council (IAC). This council will serve as a key conduit for stakeholder input on how best to support U.S. economic growth through the attraction and retention of foreign direct investment (FDI).
This Council will consist of no more than 20 members appointed by the Secretary of Commerce. Each IAC member will serve for a two-year period and the Council will convene twice a year. The mission of the IAC is simple but important for job creation in the United States. The IAC shall:
From Discovery to Commercialization: Join MBDA at the 2016 Federal Laboratory Consortium National Meeting!
Created on April 13, 2016
Register Now For the Upcoming Federal Lab Consortium 2016 National Meeting
In today’s fast-paced economy, many aspiring entrepreneurs understand the invaluable role that technology innovation plays in determining the long term success of a new company. Moreover, as the United States continues to serve as a catalyst and champion for technology innovation in the 21st century, many minority business owners are now poised to transform their ideas from research and development to commercially-developed products and services.
Created on April 6, 2016
We’re proud to announce the April 2016 Entrepreneur of the Month: Ron Shahani, president of Acro Service Corporation. Acro is one of the nation’s largest certified minority business enterprises, providing high-quality personnel and services to organizations of all sizes and industries, including BAE Systems, Northrop Grumman, Johnson & Johnson, Kellogg, Toyota, Ford, NASA, State of New Jersey and many others.
Since opening its doors in 1982, Acro identifies workforce management solutions in information technology (IT), engineering, technical, design, manufacturing, light industrial and other areas. With its global headquarters based in the Detroit, Michigan area, Acro operates 33 offices across the U.S. and six international offices in Canada, Mexico, the U.K. and India.
Building a business was always at the forefront of Ron’s mind. The inspiration to become his own boss began when he was an undergraduate student in business school, observing families of friends who ran their own businesses.
“I was struck by the awesome fact that they, and not anyone else, created the work culture in their enterprises, and they were solely in control of their destinies,” said Ron. “I got to see firsthand the connection between working hard and smart to capitalize on opportunities, while minimizing inevitable risks and seeing the rewards of such hard work.”