Search Results for keywords:"magnet sites"

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Search Results: keywords:"magnet sites"

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  • 2021-00713 — Foreign-Trade Zone 114-Peoria, Illinois; Application for Reorganization under Alternative Site Framework
    Type:Notice
    Citation:86 FR 3117
    Reading Time:about 3 minutes

    The Economic Development Council, Inc. has submitted an application to the Foreign-Trade Zones Board to reorganize Foreign-Trade Zone 114 in Peoria, Illinois, under the alternative site framework. This framework would allow more flexibility in designating "usage-driven" sites within a 2,000-acre limit. The application also seeks to designate specific existing sites as "magnet" or "usage-driven" sites, remove one site, and create a subzone for Rivian Automotive, LLC in Normal, McLean County. Public comments on the application are welcome until March 15, 2021, with further rebuttal comments accepted until March 30, 2021.

    Simple Explanation

    The Economic Development Council, Inc. wants to change how they use some land in Peoria, Illinois, to make it easier to do businesses. They also want to make special rules for car maker Rivian to use a special part, and people can share their thoughts about this until March 2021.

  • 2025-01132 — Establishment of a Foreign-Trade Zone Under the Alternative Site Framework in Clallam County, Washington
    Type:Notice
    Citation:90 FR 5812
    Reading Time:about 2 minutes

    The Foreign-Trade Zones Board has approved the creation of a foreign-trade zone in Clallam County, Washington. This approval allows the Port of Port Angeles to establish Foreign-Trade Zone No. 303 as part of an "Alternative Site Framework," which provides certain trade benefits. The decision includes specific conditions such as a 2,000-acre activation limit and a requirement that one of the proposed sites must be activated within five years. This move aims to boost foreign commerce and was finalized on January 10, 2025.

    Simple Explanation

    The Foreign-Trade Zones Board has decided to let Clallam County, Washington, make a special area, called a foreign-trade zone, where trading things with other countries is easier and cheaper. They said it's okay as long as it's not too big and gets started within five years, which is like telling someone they can build a big playground if they follow certain rules.