Plugging Into New Markets
The U.S. Department of Commerce named SEMA as one of five recipients of the Market Development Cooperator Program (MDCP) for 2011. As a result, SEMA will receive $500,000 in matching funds over the next three years to support U.S. manufacturers that export automotive specialty-equipment products to booming emerging international markets. The grant is intended to stimulate U.S. exports of specialty-equipment products as part of the Administration's National Export Initiative, which aims to double U.S. exports by 2014 in support of several million U.S. jobs.