For Immediate
Release
Contact: Jim Dyke, Curt Cultice, 202-482-4883/3809
October 19,
2001
Commerce
Department Award to Promote U.S.
Transportation Technology and Service Exports
Intelligent
Transportation Society of America (ITSA)
U.S.
Commerce Secretary Donald Evans today announced a $400,00 financial
assistance award to the Intelligent Transportation Society of America
(ITSA). The Washington, D.C.-based non-profit organization promotes
the development and use of transportation technology such as "smart"
cards and other mass transit innovations as well as engineering
services for transportation infrastructure. ITSA will help expand
exports to key markets such as Brazil and China through trade missions,
export seminars, trade leads, strategy sharing, matchmaking, and
legislation to dismantle trade barriers.
The funds are
made available through 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. The MDCP is a competitive matching grants program that builds
partnerships by providing federal assistance to non-profit organizations
involved in export promotion.
"The Cooperator
program enables American businesses to take the risks necessary
to innovate, and to pursue profitable export markets," Evans said.
"Now, more than ever, we must be diligent in our efforts to expand
trade and economic opportunity for America and around the world."
In his announcement,
Secretary Evans identified six other organizations from across the
country that will also receive MDCP awards. The seven awards, which
total $2.3 million, will go to the non-profit organizations listed
below:
- World Trade
Center Association, Los Angeles-Long Beach, Long Beach, Calif.
- The Montana
World Trade Center at The University of Montana, Missoula, Mont.
- Alameda
Center for Environmental Technology, Alameda, Calif.
- National
Association of Credit Management, Inc., Columbia, Md.
- Intelligent
Transportation Society of America, Washington, D.C.
- Evergreen
Building Products Association, Tacoma, Wash.
- Association
for Manufacturing Technology, McLean, Va.
These organizations
will dedicate an additional $5.3 million dollars for export promotion
to the $2.3 million in awards by the Commerce Department.
Since 1993,
the Commerce Department has made 61 MDCP awards totalling $19 million.
When all projects
funded to date have been completed, the private/public partnership
to develop foreign markets will have totaled $67 million.
Organizations
interested in the MDCP can obtain information by calling Brad Hess
at the Commerce Department: tel. (202) 482-2969, or by visiting
the MDCP web site at www.export.gov/mdcp.
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