WASHINGTON — The U.S. Department of Labor has announced initial funding allocations for Trade Adjustment Assistance for states to assist workers who lose their jobs due to outsourcing and foreign trade.
This announcement includes two funding levels for states under the program: one under the current, expanded level of authorized funding, and one at a reduced level that will take effect on Jan. 1, 2011, if Congress fails to renew the expanded TAA program authorized by the American Recovery and Reinvestment Act of 2009. If the expanded program is not renewed, states stand to lose approximately $267 million in initial allocations, and thousands of workers could be excluded from the program. Additional reserve funding would be lost, as well.
If the program were renewed, Mississippi would receive approximately $3.46 million. If not renewed, the state would receive approximately $1.44 million.
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