On April 16, 2025, the Executive Secretary of the Foreign-Trade Zones Board approved Rincon Power, LLC's request for subzone status within the existing FTZ 205's 2,000-acre activation limit in Carpinteria, California. The application, which was processed under the FTZ Act and Regulations, was initiated by the Oxnard Harbor District and included a public comment period announced in the Federal Register. This approval allows Rincon Power to operate with certain privileges under the FTZ regulations.
Simple Explanation
Rincon Power, LLC, in California got special permission to do business in a special area where they can follow some different rules to help them work better. But it's not clear why they got this choice, what they plan to do, and if it's fair for everyone.