The Foreign-Trade Zones (FTZ) Board has approved an application to establish a subzone for Century Arms, Inc. in Georgia, Vermont. This decision was made on April 17, 2025, after a review by the FTZ staff examiner and a public comment period announced in the Federal Register. The new subzone will operate under FTZ 55, which has a ten-acre activation limit. The subzone status allows Century Arms, Inc. to benefit from tariff and tax advantages offered in foreign-trade zones.
Simple Explanation
Century Arms, Inc. in Georgia, Vermont got special permission to have a "subzone" where they can save money on taxes and tariffs because of a decision by the government. This means they can work under special rules that might help their business grow.