Northwest Aerospace News April | May Issue No.14 | Page 13

The NWTAAC’s website, www.nwtaac. org, details a straight-forward, three-phase process. Phase 1: Application (Petition) At no cost to applicants NWTAAC’s experi- enced staff will assess your firm’s company’s program eligibility EDA application review process typically takes between 30 to 70 days Phase 2: Strategic Plan (Adjustment Proposal) After initial application approval NWTA- AC staff will work with firms to develop an Adjustment Proposal (AP) for your company that will include: Your firm will be asked to share 25 percent of the cost to develop an AP that will be submit- ted to EDA for approval (cost will be $1,000 or less) EDA AP review process will take no more than 60 calendar days for AP approval PHASE 3: Project Implementation Upon EDA approval of your firm’s AP, NW- TAAC will contact you to start to implement your projects Your firm will select a third-party consultant/ vendor to implement your projects which NWTAAC facilitates contracts with Your firm’s share for each project will be between 25 to 50 percent (total federal share of $22,500-$75,0000) APRIL | MAY 2020 ISSUE NO. 14 13