The development of a series of programs to assist small businesses in targeting new domestic and international markets; assist new high tech start-up companies by writing business plans, locating financing for export, and conducting market research for export; research and development in the textiles and apparel industry.
The Department of Commerce fosters and promotes the nation's economic development and technological advancement through vigilance in international trade policy, domestic business policy and growth, and promoting economic progress at all levels.
ITA grant recipients receiving continuation funding have developed new technologies and established new companies; a number of companies have reached the stage where they can attract new foreign and domestic investments. This has resulted in job creation and led to increased opportunities to export the technologies developed.
Uses and Use Restrictions
Assistance is used to provide information, contracts, and research and development in shaping and implementing specific projects and programs that promote exports in various markets.
Organizations or individuals specifically identified by Congress in agency appropriations legislation.
Beneficiaries are the companies served by the organizations receiving awards, and the organizations or individuals specifically identified by Congress.
Aplication and Award Process
This program is excluded from coverage under E.O.
Submit all standard forms, project proposal and budget following the format specified by the Department of Commerce.
Grants result from legislation by the congress. There is no application process.
Department of Commerce and Related Agencies Appropriations Act of 2002, Public Law 107-77.
Range of Approval/Disapproval Time
Renewals are contingent upon future Congressional funding.
Formula and Matching Requirements
This program has no statutory formula or matching requirements.
Length and Time Phasing of Assistance
Post Assistance Requirements
Financial and progress reports are to be submitted in accordance with the terms and conditions of the award.
Financial status reports (SF-269) are submitted on a quarterly basis.
Federal cash transaction reports (SF-272) are submitted for each award where funds are advanced to recipients.
Performance reports are submitted on a quarterly basis.
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), recipients that are States, Local Governments, Nonprofit Organizations (to include Hospitals), and Institutions of Higher Learning shall be subject to the audit requirements contained in the Single Audit Act Amendments of 1996 (31 U.S.C. 7501-7507). Commercial organizations shall be subject to the audit requirements as stipulated in the award document. In accordance with the provisions of OMB Circular No.A-133, (Revised, June 27, 2003), "Audits of States, Local Governments, and Nonprofit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for the year, except as noted in Circular No. A-133.
All financial and programmatic records, supporting documents, statistical reports, and other records of recipients or sub- recipients must be maintained in accordance with the terms of the award. Generally, the recipient must retain records for 3 years from the date on which the final expenditure report is submitted.
(Grants) FY 07 $500,000; FY 08 est not available; and FY 09 est not reported.
Range and Average of Financial Assistance
From $500,000 to $10,000,000.
Regulations, Guidelines, and Literature
Allowable costs will be determined in accordance with OMB Circular Nos. A-21 for institutions of higher education, A-87 for State and local governments, A-122 for nonprofit organizations; and 48 CFR Part 31 for-profit organizations. Grants management will be in accordance with the provisions of OMB Circular No. A-110 for institutions of higher education, other nonprofit organizations, for-profit organizations; and 15 CFR Part 24 for State and local governments.
Regional or Local Office
Annette Henderson, Planning and Management Division, Trade Development/OPCM, Room 3215, HCHB, Department of Commerce, Washington, DC 20230. Telephone: (202) 482-3197. Fax: (202) 482-4462.
Criteria for Selecting Proposals
The U.S. Congress designates those entities that receive funding in annual appropriations of the Department of Commerce.
The position young people are dealt with can be complex, and yet the entire economic system is still focused for an age that’s almost gone astray. The solution? Promoting social enterprise and getting these young people integrated into work.