Overview
According to Section 503 of the Trade Facilitation and Trade Enforcement Act of 2015,
Section 22 of the Small Business Act (15 U.S.C. 649) is amended [as follows] . . .
(l) STATE TRADE EXPANSION PROGRAM.—
1. DEFINITIONS.—In this subsection—
- the term “eligible small business concern” means a business concern that—
- is organized or incorporated in the United States;
- is operating in the United States;
- meets—
- the applicable industry-based small business size standard established under section 3 [of the Small Business Act]; or
- the alternate size standard applicable to the program under section 7(a) of this Act and the loan programs under title V of the Small Business Investment Act of 1958 . . .
- has been in business for not less than 1 year, as of the date on which assistance using a grant under this subsection commences; and
- has access to sufficient resources to bear the costs associated with trade, including the costs of packing, shipping, freight forwarding, and customs brokers.
Date published: | June 30, 2022 |
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