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Senators Allocate $889K in Federal Funding For Trade Adjustment Assistant Center at Binghamton University

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Binghamton University Binghamton University
VESTAL, N.Y. -

Senators Charles Schumer and Kirsten Gillibrand announced today that $889,819/86 in federal funding will be given to the Trade Adjustment Assistance Center (TAAC) at Binghamton University.

At nearly a million dollars, this funding will allow the center to continue providing assistant to U.S. manufacturing and production firms located in New York, helping them in developing and implementing projects that will encourage global competition, increase profits and create jobs.

According to Schumer, the center helps New York companies adapt to foreign competition as well as the ever-changing global marketplace.

"This center has a strong track record of delivering for companies throughout our state and has been an important resource for our business community," Schumer said. "I’m proud to announce this significant federal investment, which will enable TAAC to provide our businesses with the technical skills and expertise needed to give them an edge and compete successfully on the global stage.”

The senators explained that although Upstate New York has experienced a decline in the manufacturing industry over the past few decades, through the help of the TAAC some operations are able to expand. Working not only with businesses and companies in the Southern Tier, but across New York State, the center has served over 1,400 manufacturers, delivering over $25 million of direct assistance, as well as assisting over 45 NYS firms, providing approximately $500,000 in direct firm assistance.

Senator Gillibrand said that New York has always been a leader in manufacturing, and it is necessary to make sure local businesses remain competitive to continue such leadership in the 21st century.

“This funding is great news for the Trade Adjustment Assistance Center, which will provide technical support and guidance to local businesses and manufacturers across New York so they can stay competitive in a global economy," Gillibrand said. "Supporting them will help keep jobs local and grow rural economies across the region. I will always work to make sure our local manufacturers have the resources they need to be successful.”