Currently, the advanced industry export acceleration program ends
on January 1, 2025, and the advanced industries acceleration grant program ends on July 1, 2024. The bill extends both programs by 10 years.
Additionally, the advanced industry export acceleration program
allows a qualifying business to receive an international export development expense reimbursement. To be eligible for the expense reimbursement under current law, a qualifying business must meet certain eligibility criteria. The bill removes the eligibility criterion that requires a qualifying business to show a profit during the last fiscal year.
