TMA and Hydronalix Get Featured on the Department of Commerce Podcast

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TMA BlueTech has only grown to be more successful and assist in more companies over the years with the help of the Market Development Cooperator Program (MDCP). The MDCP is a monetary award that supports organizations helping businesses to generate international exports for the United States and create jobs for the workforce. The competitive MDCP award was created by the Department of Commerce’s (DoC) agency, the International Trade Administration (ITA).  

The ITA has partnered with TMA since 2014 to help companies in the Blue Tech industry and Blue Economy grow. In 2016, TMA received a MDCP award and in the past few years, the organization has put those dollars to great use. The creation of U.S. Maritime Technology Export Initiative (USMTEI) was a result of this award. The USMTEI funds offset small and medium-sized companies’ costs of attending trade shows as well as provides business to business matchmaking for networking opportunities.

The USMTEI program provides networking opportunities through events like tradeshows hosted by TMA as well as connection to the International Trade Association directly. The final event that TMA’s MDCP funds will be used for is the upcoming Ocean Business Conference, happening October 12-14. Small to medium Blue Technology companies will be eligible to receive a large discount if they choose to be exhibitors. To date, the program has resulted in $19 million in export sales, proving just how much value TMA has produced with the MDCP grant.  

The relationship between the DoC and TMA remains strong with funding continuing through 2021. In fact, in the DoC’s podcast, Export Nation, TMA BlueTech’s President, Michael Jones, discusses the importance of the TMA and the BlueTech industry with members of the Department of Commerce (DoC) and TMA member company, Hydronalix .

Jones begins the podcast by explaining the rise of the BlueTech industry, which has its fair share of struggles. The companies, which makes many overseas sales, is invisible to much of the United States, and only recently is gaining attention with the help of certain academic, educational, and governmental programs. The intersection of academia, education, and government is what Michael Jones deems as the “Triple Helix”, something that industry clusters like TMA BlueTech’s members connect.

The other speakers Aron Davidson and Christina Parsi discuss the benefit of working with the Department of Commerce and its branch, the US Commercial Service. By having companies such as Hydronalix get connected to the DoC, the connection provides opportunities for networking, resources like information on trade regulations, and general support in the BlueTech export market.

"It takes a village to help our companies export successfully," argues Michael Jones and Hydronalix’s CEO, Anthony Mulligan, shows just how true this is. The DoC and TMA have helped Hydronalix with international sales and partnerships through events like those hosted through the USMTEI, directed them to more resources and solutions, and overall create a more connected BlueTech industry.  

Listen to the podcast to learn more about TMA’s and Hydronalix’s stories in depth at www.trade.gov/export-nation

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