Healey-Driscoll Administration Launches Initiative to Support Businesses Impacted by Trump’s Tariffs
The TRBO Initiative Seeks to Support Massachusetts
Businesses Facing Rising Costs, Supply Chain Disruptions, and Uncertainty Amid
Rapidly Changing Tariff Policy Landscape
BOSTON – Today, the Healey-Driscoll
administration launched the Massachusetts Tariff Response and Business Operations Support
Initiative (TRBO) to align state resources to aid Massachusetts businesses
in response to President Donald Trump’s recent tariff policies and the ongoing
uncertainty they cause for consumers and businesses across the country.
TRBO, launched in partnership with the quasi-public economic
development agency Massachusetts Technology Collaborative through its Center
for Advanced Manufacturing (CAM), will assist Massachusetts manufacturers’
response to new and changing tariffs. It includes a survey for companies to
share how they are impacted by the tariffs so that the state can help them
develop response plans, identify their continuity needs, and connect them to
alternative supply chains here in Massachusetts and across the region.
“In Massachusetts, we will not abandon our manufacturers the
way that President Trump has by waging a trade war against our allies that is
increasing costs for everyone and hurting American businesses,” said Governor
Maura Healey. “My administration has partnered with businesses from Day One
and, in this time of uncertainty, I want to do all I can to safeguard the
manufacturing sector and mitigate market fluctuations.”
“Through TRBO, we will work with business leaders, community
stakeholders and talented people from across the manufacturing sector to ensure
that Massachusetts stays the course through these challenging times,”
said Lieutenant Governor Kim Driscoll. “Despite what is happening
at the federal level, we are working around the clock to build a path forward
so we can keep goods moving and protect jobs no matter what.”
The TRBO initiative follows Governor Healey’s multiple
convenings and meetings with businesses and business leaders about the impact
of President’s Trump’s policies, including tariffs, on the Massachusetts
economy. This includes a business roundtable held April 9 with leaders of
prominent organizations representing hundreds of businesses of all sizes and
spanning all industries across the state, as well as representatives from the
manufacturing, finance and contracting industries.
“TRBO represents a concrete path forward to better
understand and assess the impacts of the tariffs in Massachusetts so that we
can advance our manufacturing capacity and support businesses in need,”
said Economic Development Secretary Yvonne Hao. “Every day,
businesses are working hard to pay their bills, deliver services and support
their workers. The recent efforts by the Trump administration have thrown
businesses into limbo. Massachusetts has weathered these storms before and is
fortunate to have the expertise, knowledge and capacity to meet these
challenging times.”
“MassTech will assist the Healey-Driscoll administration as
we implement an effective plan to ease the pressures on our manufacturing
sector,” said Massachusetts Technology Collaborative CEO Carolyn Kirk.
“The TRBO initiative will rely on the efforts of CAM, which is tapped into a
strong network of businesses, academic institutions and local governments,
working together to build a resilient manufacturing
ecosystem.”
TRBO is built on four critical focus areas:
- T –
Tariff Impact Analysis: Monitoring how tariffs are impacting
Massachusetts-based manufacturers through data collection
- R –
Response Strategy Development: Facilitating resources from the
ecosystem to support plans to mitigate risks
- B –
Business Continuity Support: Coordinating and aligning partners
with available state or ecosystem resources
- O –
Operations Support for Supply Chain Resiliency: Supporting
adaptability of supply chains in new tariff environments
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