The Foreign-Trade Zones (FTZ) Board has approved an application to establish Subzone 102G for True Manufacturing Co., Inc., in O'Fallon and Mexico, Missouri. This decision was made on January 7, 2025, following the submission of an application by the St. Louis County Port Authority, which is the grantee of FTZ 102. The application was reviewed and found to meet the necessary criteria, and the new subzone will be subject to FTZ 102's 2,000-acre activation limit. The application process included a public comment period announced in the Federal Register on November 26, 2024.
Simple Explanation
The government gave a green light to a company called True Manufacturing to make a special area in Missouri where they have different rules for trading. They checked to make sure everything was okay, and people had a chance to say what they think about it too.