The Recreation Vehicle Industry Association (RVIA) has received a federal award from the U.S. Department of Commerce’s International Trade Administration (ITA) that will provide funding and technical assistance for the association’s efforts to facilitate the involvement of U.S. RV companies in the developing Chinese RV market.
The award, provided through the ITA’s Market Development Cooperator Program (MDCP), provides $1 in funding for every $2 invested by RVIA in eligible expenses, up to $300,000 over a three-year period, according to a news release. RVIA was one of nine recipients of federal funding for export development.
The award will help fund RVIA efforts to promote U.S. RV products in China, establish RV standards in China that are compatible with U.S. RV standards, remove regulatory barriers impeding the U.S. RV industry’s participation in the Chinese RV market and establish an RVIA office in China.
“While the U.S. continues to recover from the worst economic downturn since the Great Depression, U.S. exports remain a bright spot for the American economy. The awards given by the Commerce Department’s Market Development Cooperator Program will help us continue to make progress toward achieving the president’s goal of doubling exports by the end of 2014,” said Acting U.S. Commerce Secretary Rebecca Blank. “Higher exports lead to more jobs: in 2011, jobs supported by exports increased by 1.2 million over 2009. These investments in AMT and the Recreation Vehicle Industry Association will help boost exports, which mean more jobs in the United States.”
“We are very appreciative of this award. Like many in the RV industry, the U.S. Department of Commerce and the ITA recognize that the developing RV market in China holds tremendous export, business development, and job creation opportunities for U.S. companies,” said RVIA President Richard Coon. “In addition to the financial support, another key benefit is the development of a team by the ITA of international business and government policy experts in Indiana, Washington, D.C., and China that will work hand-in-hand with us to help achieve our objectives.”
RVIA submitted the award application in February as part of competitive process developed by ITA.
The MDCP awards include financial and technical assistance from ITA to support well-defined business plans aimed at increasing exports and U.S. competitiveness within certain industries. An MDCP award establishes a partnership between ITA and nonprofit industry groups to help strengthen global competitiveness and create jobs through exports. Since MDCP’s inception in 1993, the program has issued 121 awards. In an average year, MDCP projects generate $372 million in U.S. exports.