DOL Releases More than $450 Million in Additional Funds for Trade Adjustment Assistance
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Wednesday, June 10, 2009 |
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The
U.S. Department of Labor released more than $450 million in Trade
Adjustment Assistance (TAA) funding to states to provide career
training, and employment and case management services to workers who
lose their jobs due to outsourcing and foreign trade.
"Workers
around the nation continue to see their jobs disappear as a direct
result of increased imports and competitive trade," said Secretary of
Labor Hilda L. Solis. "The funding announced today will help more of
these workers upgrade existing skills or retrain for new careers in
industries that have the potential to grow in the coming months and
years."
The American Recovery and Reinvestment Act of 2009
(Recovery Act) includes a major expansion and reform of the TAA program
to ensure that all U.S. workers negatively affected by trade have the
skills, resources and support to gain new employment.
The
Recovery Act authorized an increase in the maximum amount of TAA funds
that may be used for training nationwide from $220 million to $575
million. Based on this training increase plus the funding authorized
for case management services and administration, the Labor Department
is now making a supplemental distribution of to the states for fiscal
year 2009. This increase will ensure that states have funds available
to implement changes made to TAA through the Recovery Act and to serve
an increasing number of trade-affected workers.
For more information on TAA and other Department of Labor employment and training programs, visit http://www.doleta.gov.
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