Search Results for keywords:"subzone approval"

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Search Results: keywords:"subzone approval"

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  • 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.

  • 2024-30762 — Approval of Subzone Status; Tallaboa PR, LLC; Peñuelas, Puerto Rico
    Type:Notice
    Citation:89 FR 104977
    Reading Time:about a minute or two

    The Foreign-Trade Zones Board has approved the establishment of a subzone for Tallaboa PR, LLC in Peñuelas, Puerto Rico. This decision follows an application and public comment process, during which the Board found that all legal requirements were met. The subzone, designated as Subzone 163N, will operate under the regulations of the Foreign-Trade Zones Act. The approval is documented in a notice published in the Federal Register.

    Simple Explanation

    The Foreign-Trade Zones Board gave permission for a special area called a "subzone" to be set up for a company called Tallaboa PR, LLC in Peñuelas, Puerto Rico, and this area will have special rules to help with business.

  • 2021-00532 — Approval of Subzone Status Robert Bosch Tool Corporation West Memphis, Arkansas
    Type:Notice
    Citation:86 FR 2638
    Reading Time:less than a minute

    The Foreign-Trade Zones (FTZ) Board approved an application to establish a subzone for the Robert Bosch Tool Corporation in West Memphis, Arkansas. The application was submitted by the City of West Memphis, Arkansas Public Facilities Board and was processed in accordance with the FTZ Act and Regulations, including a public comment period. The subzone will operate under the existing activation limit of FTZ 273, which is 341 acres. The approval was issued by Andrew McGilvray, the Executive Secretary of the FTZ Board, on January 7, 2021.

    Simple Explanation

    The government said, "Yes!" to letting a company called Robert Bosch Tool Corporation use a special area in West Memphis where they can do business with fewer rules, kind of like getting a special pass at a theme park.