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For Immediate Release
Please Contact: Curt Cultice/Monica Hill, 202-482-3809

October 4, 2000 
 

Commerce Department Makes Financial Awards to Help U.S. Firms

Washington, D.C. --Commerce Secretary Norman Y. Mineta announced today the Commerce Department will provide $2.3 million in awards to seven non-profit trade organizations under the Commerce Department's Market Development Cooperator Program (MDCP), a public-private partnership developed to help small-and medium-sized U.S. firms expand exports that support jobs for Americans. 

"Cooperator projects have been responsible for over $2 billion in exports since the program began in 1993," Secretary Mineta said. "This is just one more example of how public-private sector partnerships are working to increase U.S. exports from small-and medium-sized businesses and provide economic opportunity for Americans." 

The seven award recipients are (Click on name link for more information): 

The seven award-winning organizations will put up $5 million dollars to match $2.3 million in awards by the Commerce Department. MDCP awards help to underwrite the start-up costs of innovative export marketing ventures that these groups are often reluctant to undertake without Federal support. 

Since 1993, the Commerce Department has made fifty-four (54) MDCP awards. When all projects funded to date have been completed, the private sector will have spent over $43 million to develop foreign markets compared to a Federal investment of $17 million. 

Now in its eighth year, the MDCP is increasing U.S. exports and creating jobs for Americans by: challenging the private sector to think strategically about foreign markets; encouraging private sector innovation and investment in export marketing; increasing the number of American companies active in exporting. 

The MDCP is a competitive matching grants program that builds public/private partnerships by providing Federal assistance to non-profit export multipliers such as states, trade associations, chambers of commerce, world trade centers, and other non-profit industry groups that are particularly effective in reaching small-and medium-sized enterprises. 

Organizations interested in the MDCP can obtain additional information by calling Brad Hess at the Commerce Department: tel. (202) 482-2969, or by visiting the MDCP web site at trade.gov/mdcp. 
 
 

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