Wellness Equipment Manufacturer Awarded Grant From MidAtlantic Trade Adjustment Assistance Center (MATAAC)
New Independence, PA (PRWEB) April 27, 2012
Jeff Riach, CEO of Oakworks, introduced today that they had been authorized to implement for trade help connected with product sales lost to Chinese suppliers in the massage table market.
Since 2000, the amount of low cost imported Chinese therapeutic massage tables has exploded and this has resulted in financial losses to Oakworks of important magnitude. We are the only organization left in the US making portable therapeutic massage tables. Oakworks is committed to production in the US and retaining our employees. Above the final 10 decades the market cost of therapeutic massage tables has dropped considerably as much significantly less expensive imported tables have flooded the market. Our specialist quality, massage tables are worth every single penny to a occupied skilled, but when therapeutic massage desk costs at Costco and Walmart are half or a lot less, it is difficult to compete. We heard about this software and submitted proof that we had been harmed by these very low value imports and are heartened to get this information, explained Jeff Riach, CEO.
The Financial Improvement Administration (EDA), portion of the Office of Commerce, is liable for helping US production organizations with matching grants up to $ 75,000 specified for jobs that will improve the international competitiveness of the organization. Oakworks should submit an EDA accredited adjustment proposal with the following two years to receive the grant. Jeff Riach went on to say We have labored really difficult in excess of the previous 10 years to enhance our competitiveness of our professional high quality therapeutic massage products towards the reduced good quality imported items that have flooded our marketplace. We believe that the methods this grant will make possible can assist us bridge the gap.
About MidAtlantic Trade Adjustment Support Center:
The MidAtlantic Trade Adjustment Help Middle (MATAAC) has been chartered by the Economic Improvement Administration of the U.S. Section of Commerce with responsibility for the disbursement and administration of Trade Adjustment Assistance federal grant funds.
The business is made up of pros possessing the depth of encounter and the array of credentials that can support management emphasis upon people concerns stopping it from reaching achievement at worldwide competitiveness. They carry many years of organization expertise to the desk that consists of govt positions in a assortment of Manufacturing and Assistance Industries, Monetary Services, Info Technological innovation, Insurance policies Companies, Management Consulting and Human Resources.
For far more details, make sure you check out http://www.mataac.org/