GLTAAC helps Rexarc International
Rexarc International, located in West Alexandria, Ohio, is a global leader in manufacturing of acetylene gas plants and related equipment. Rexarc recently qualified for the Trade Adjustment Assistance for Firms (TAAF) program, with help from the Great Lakes Trade Adjustment Assistance Center (GLTAAC), after losing sales to low-cost foreign producers from India and elsewhere. Rexarc was able to implement business improvement projects through the TAAF program, which is paying for half of their cost to help the company develop new markets.
“We are excited to be working with GLTAAC. The $75,000 of project co-funding they provide is going to help us make improvements we’ve been wanting to make, but were just outside our reach as a small business. We are thankful to our local contacts at the University of Dayton’s Fastlane, for making us aware of the opportunity and connecting us with GLTAAC,” said Rexarc CEO, Rob Moyer.
Working through the TAAF program, GLTAAC helps small manufacturers that have been hurt by imports to identify, develop, implement, and pay for business improvement projects designed to increase their global competitiveness. GLTAAC is the sister office of NWTAAC and provides similar assistance to impacted firms.
TAAF (Trade Adjustment Assistance for Firms) is the only federal program specifically designed to help companies that have been negatively impacted by imports.