The Foreign-Trade Zones Board has announced the withdrawal of a proposed production activity notification by Rincon Power, LLC for its facility in Carpinteria, California, which is part of Foreign-Trade Zone 205. This notification was initially registered on January 30, 2025, and was formally withdrawn at the request of Rincon Power, LLC on February 5, 2025. The action was made official by Elizabeth Whiteman, the Executive Secretary, and was documented in the Federal Register.
Simple Explanation
The Foreign-Trade Zones Board decided not to go ahead with a plan by a company called Rincon Power to make some electrical parts in a special business area in California. Rincon Power asked them to stop the plan just a few days after it was first announced.