U.S. Department of Commerce Grants SEMA
$500,000 to Support U.S. Specialty-Equipment Exporters
DIAMOND BAR, Calif.
(Oct. 6, 2011) -
The U.S. Department of Commerce named SEMA as one of the 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.
"SEMA is pleased to
partner with the Commerce Department to expand the association's initiatives
bringing together U.S. manufacturers with distributors and retailers in the
fastest-growing markets in the world," said SEMA President and CEO Chris
Kersting. "The fact that SEMA has been selected for a MDCP award from the
US Department of Commerce reinforces the value of our growing Business
Development Conference program and provides financial support to Members seeking
to participate in this and other association export initiatives."
SEMA was selected from
among nearly 50 applicants based on a number of factors, including export
success, performance measurement, partnership potential with the Commerce's
International Trade Administration (ITA) and compatibility with ITA priorities,
creativity, institutional capacity and program sustainability following the
For more information about
the Market Development Cooperator Program, visit www.trade.gov/mdcp.
For more information on SEMA's international programs, contact SEMA's Director
of International and Government Relations Linda Spencer at email@example.com.
SEMA, the Specialty Equipment Market Association founded in 1963,
represents the $27.9 billion specialty automotive industry of 6,461
member-companies. It is the authoritative source for research, data, trends and
market growth information for the specialty auto parts industry. The industry
provides appearance, performance, comfort, convenience and technology products
for passenger and recreational vehicles. For more information, contact SEMA at
1575 S. Valley Vista Dr., Diamond Bar, CA 91765, tel: 909/978-6723, or visit www.sema.org