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 exportand create jobs. Take a look at our flyer then find out more about getting funds to help on our About MDCP page.
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Start with our Apply page.
2015 MDCP Applications Due April 27
Start now to prepare your application for MDCP funding. See How to Apply for more details. Applications are due April 27, 2015. The announcement was published on grants.gov on March 10.
Differences Between the 2015 and 2014 Announcements
Two differences are worth noting for 2015: 1. Minimum project period is three (3) years with a maximum of five (5) years. 2. A de minimis 10% indirect cost rate may be claimed by any applicant without any requirement of questionnaire responses or certification. See our new mock application.
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. (A study on jobs and exports of 2013 trade and employment data indicates that $ billion in exports creates or sustains 5,590 jobs. Or, about $180,000 in exports creates or sustains one U.S. job, $1,000,000,000/5,590=$178,890.) Because exporting creates or sustains U.S. jobs, MDCP projects contribute to the prosperity of U.S. workers.
More on the effect that MDCP project-generated exports have on creating or sustaining jobs.