The Economic Development Council, Inc. has submitted an application to the Foreign-Trade Zones Board to reorganize Foreign-Trade Zone 114 in Peoria, Illinois, under the alternative site framework. This framework would allow more flexibility in designating "usage-driven" sites within a 2,000-acre limit. The application also seeks to designate specific existing sites as "magnet" or "usage-driven" sites, remove one site, and create a subzone for Rivian Automotive, LLC in Normal, McLean County. Public comments on the application are welcome until March 15, 2021, with further rebuttal comments accepted until March 30, 2021.
Simple Explanation
The Economic Development Council, Inc. wants to change how they use some land in Peoria, Illinois, to make it easier to do businesses. They also want to make special rules for car maker Rivian to use a special part, and people can share their thoughts about this until March 2021.