For Immediate Release
Please Contact: Curt Cultice/Monica Hill, 202-482-3809
October 4, 2000
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
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.
Alley, Troy, MI
Corporation Small Business Development Center at Duquesne Univ.,
Industry Manufacturing Association, Milwaukee, WI
Industry Development Corporation, New York, NY
of the Americas, La Jolla, CA
Valley Regional Development Commission, Waverly, OH
Machinery Manufacturers Institute, Arlington, VA
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
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.