The Economic Development Administration (EDA) has received petitions from several firms seeking eligibility for Trade Adjustment Assistance. This assistance is meant to help firms that have experienced a significant decline in sales or worker layoffs due to increased imports of similar or competing products in the U.S. The EDA is now investigating these situations to determine if these conditions apply. Interested parties can request a public hearing on the matter within ten days of this notice's publication.
Simple Explanation
The Economic Development Administration is checking if some companies need help because they are losing money or jobs due to similar things coming from other places. If they do, these companies might get special help, and people can ask to talk more about it soon.