Does your company qualify for assistance?
Are you directly impacted by imports?
Are your sales down by 5% or more?
Is your employment down by 5% or more?
If you answered yes to all of these questions, GLTAAC can help!
Your company is probably eligible for TAAF. To confirm this, we will ask for the following data
- Net Sales by month for last 28 months
- Employee headcount by month for last 28 months
- The names of some customers who have switch to buying imports
If net sales and average employment show at least a 5% decline, GLTAAC can begin to develop your TAAF application (called a Petition).
Apply
GLTAAC will ask you for the following information to start:
- Net Sales by month for last 28 months
Eligibility requires declining net domestic sales (see more details below).
- Employee headcount by month for last 28 months
Monthly employment numbers must agree with your state unemployment insurance quarterly reports (see more details below).
If net sales and average employment show at least a 5% decline, GLTAAC can begin to develop your TAAF Petition.
We’ll request additional information as we develop your Petition, including: heading 5
- Customer information
4 customers with declining sales over the Petition period, including their contact information and sales volumes (see more details below). - Financial statements
For the two most recent fiscal years and the Petition period, if different (see more details below). - Descriptive information
About your company, related firms, ownership, managers and directors, products and markets, plant locations, other information about the firm required for the Petition.
All information is treated with the utmost confidentiality.
There are a variety of scenarios that can be used to apply for TAAF, but program rules frequently change. GLTAAC is knowledgeable and up to date on all current TAAF rules, requirements, policies, and procedures – so you don’t need to be. You might, however, be interested in the following details.
- Time periods
TAAF Petitions compare sales and average employment for a current versus the year-ago period. The current period can be 6 to 12 months long and can be a few months old—that is why we will typically ask you for 28 months of data. - Net sales
Eligibility requires declining net domestic sales. Companies with exports > 5% of total sales will need to break out domestic sales from exports. In addition, net sales of products purchased for resale must be identified, and inter-company sales must be eliminated. (Note: Net sales figures must agree with your monthly income statements, which will eventually be needed for your company’s Petition.) - Employee headcount
Monthly employment numbers must agree with your state unemployment insurance quarterly reports. (Note: the summary page of each quarterly report, which lists headcount by month, will be needed as part of your company’s petition.) - Customer information
GLTAAC must interview at least 2 of the customers provided, and they must confirm switching to imported products. (Note: we will fully explain this step then discuss and plan with you before contacting any of your customers!)
We’ll request additional information as we develop your Petition, including:
- Financial statements
The two most recent annual reports (from your accountant, if available). As well as monthly income statements for the Petition period and balance sheets for the end of the petition period. - Descriptive summary information
About your company including related firms, ownership, managers and directors, products and markets, plant locations, recent changes, and any significant events.
