Type:Notice
Citation:89 FR 96637
Reading Time:less than a minute
The Foreign-Trade Zones (FTZ) Board has approved the application from Rural Enterprises of Oklahoma, Inc., to establish a subzone for Canoo Inc. in Pryor, Oklahoma. This approval, which was made on December 2, 2024, is subject to the existing activation limit of 2,000 acres for FTZ 227. The application process included public notice and was reviewed by the FTZ staff examiner, confirming it met the necessary requirements. The decision was made by Elizabeth Whiteman, the FTZ Board Executive Secretary.
Simple Explanation
The government said Canoo Inc., a company in Oklahoma, can use a special area to work without some usual rules, like paying certain taxes. They made sure to follow the right steps before saying yes to this plan.