Search Results for keywords:"Foreign-Trade Zones"

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Search Results: keywords:"Foreign-Trade Zones"

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  • 2025-05462 — Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Foreign-Trade Zones Applications
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    Type:Notice
    Citation:90 FR 14242
    Reading Time:about 3 minutes

    The Department of Commerce, through the International Trade Administration, is seeking public comments on their proposal for updating information collection from businesses applying for foreign-trade zone (FTZ) status. These applications allow businesses to request new or modified zone statuses and assess the economic impact of these zones. The information collected helps evaluate the necessity and effectiveness of these zones, as well as the burden on the public. People have until May 30, 2025, to send their comments, which will become part of the public record.

    Simple Explanation

    The Department of Commerce wants to hear from people about how they collect information from companies that want special trade areas, called foreign-trade zones, which help businesses save money. They ask everyone to share their thoughts by the end of May 2025, so they can understand if the process is good or if it needs fixing.

  • 2024-28472 — Approval of Subzone Status; Canoo Inc., Pryor, Oklahoma
    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.

  • 2025-02052 — Approval of Subzone Status; Wurth Electronics Midcom, Inc.; Watertown, South Dakota
    Type:Notice
    Citation:90 FR 8694
    Reading Time:less than a minute

    The Foreign-Trade Zones (FTZ) Board has approved the creation of a subzone for Wurth Electronics Midcom, Inc. in Watertown, South Dakota. This decision was made following an application by the Sioux Falls Development Foundation, Inc., which was processed according to the FTZ Act and Regulations, including a period for public comment. The approval was finalized on January 28, 2025, and is subject to the current activation limit of FTZ 220, which is 2,000 acres.

    Simple Explanation

    The United States government has decided to give special permission to a company called Wurth Electronics Midcom, Inc. in South Dakota to have a special area where they can do business with fewer taxes, like a treasure chest that helps them save money. They made this choice after checking all the rules and letting people share their thoughts about it.