MDCP Awards: Industry Groups Can Get Up to $300,000 for Foreign Market Development Projects
Each year, ITA makes several financial assistance awards to industry groups to pursue projects that help U.S. firms export and create jobs. Take a look at our flyer then find out more about getting funds to help on our About MDCP page.
Earliest PossibleOopening of 2015 MDCP Competition: Early February
Start now to prepare your application for MDCP funding. See How to Apply for more details. The 2015 competition will not open any sooner than early February 2015 with applications due about eight weeks later. We currently know neither the announcement date nor the application due date. We should be able to announce these a few days before the announcement date.
Differences Between the 2015 and 2014 Announcements
Our best guess at when the 2015 federal funding opportunity notice (FFO) will be published is noted above. Until that time, use the FFO published for the 2014 competition as a guide. Two differences are worth noting for 2015.1. All applicants can claim an indirect cost rate of 10% of total direct costs. 2. Minimum project period is three (3) years with a maximum of five (5) years. Our new mock application incorporates these changes.
Let's Talk About Funding Your Export Project
Please join us for one or all of the conference calls listed below. Learn how to find the right ITA professionals to help advise you on project ideas. Examine templates that can can streamline your budget preparation. Find out how to generate information for required forms. Ask questions and benefit from questions by others. Dial-in for all calls is the same: 203-280-9578 6504789#.
- Thu. Nov. 6: 11 am EST
- Wed. Nov. 12: 3 pm EST
- Thu. Nov. 13: 1 pm EST
- Tue. Nov. 18: 11 am EST
- Tue: Dec. 2: 3 pm EST
- Thu: Dec. 11: 3 pm EST
- Thu: Dec. 18: 3 pm EST
- Tue: Jan. 6: 3 pm EST
Who from ITA Works with MDCP Award Winners?
In addition to MDCP Director Brad Hess, MDCP award winners will work with a team of ITA professionals who can help them accomplish project goals. You can search for likely ITA team members using the directories on line 4 of Step-by-Step Application Process.
Exports Create Jobs
A couple of years ago it was estimated that a $180,000 increase in exports creates one U.S. job. (See study on jobs and exports.) Because exporting creates or sustains U.S. jobs, MDCP projects contribute to the prosperity of U.S. workers.