The Foreign-Trade Zones (FTZ) Board approved an application to expand Subzone 22F in Itasca, Illinois, on behalf of Abbott Laboratories. This decision was made after reviewing the application submitted by the Illinois International Port District, which was processed according to the FTZ Act and Regulations. Public comments were invited through a notice in the Federal Register. The approval is subject to existing regulations, including FTZ 22's 2,000-acre activation limit.
Simple Explanation
The Foreign-Trade Zones Board has given the green light for Abbott Laboratories in Itasca, Illinois, to make their special area a bit bigger. They followed all the rules and let people give their thoughts before deciding, and they have to make sure the total area isn't too big based on some limits.