Popular on s4story
- Key Burns Releases New Children's Book - Princess Michaela and the Orange Dragon
- Author Samuel C. A.'s New Book Receives A Warm Literary Welcome
- Grammy Nominated Artist "Special Request Ft Rey T", They're Back And Coming With A Vengeance!
- New Book - A Little Boy on Ramree Island By Aung Z. and Jill Mong
- A New Day for Fixed Wireless Access (FWA), BEC Unveils the AirConnect® 8243 High-Power 5G mmWave Outdoor Router
- TOKYO SKYTREE TOWN will host Spring Events
- "Not Going Quietly" Wins Cinema for Peace Award for Political Film of the Year 2022 in Berlin
- Author Kristi Strong's Thrilling Debut Novel
- Orbex Awarded "Most Transparent Forex Broker, 2023"
- Char Ferguson Of Just Call The I.T. Guy, Honored As The Wylie TX 2023 Local Business Person Of The Year
Similar on s4story
- RE/MAX Signature Earns Top Regional Award
- Wohler releases out-of-band configuration tools for Riedel 2110 SFP's
- GP GLOBAL GROUP Secures $18M Sale of Shoppes at 41st Street Retail Plaza in Doral, Florida, with $11.5M CMBS Loan Assumption
- HLN's Immunization Calculation Engine (ICE) is continually updated to support new COVID-19 recommendations
- Congressman Mark Alford endorsed by Veterans for Trump on his 2024 re-election
- The Past Reflects A Future - Daniel Imperato 2024 Is Back Again. Which Party?
- The New Real Estate "Just Looking" Program Is A Big Hit With Atlanta Area Residents!
- DCA Virtual: Two Decades Since the SBA Has Been Reauthorized – Is This the Year?
- Daniel Imperato 2024 on Trump Biden
- A Monumental Step Forward for Upper Vista Welland as Ministry of Labour Lifts Stop Work Order
Louisville Riverport Authority Applies To Include South Central Kentucky In Foreign Trade Zone #29 Service Area
S For Story/10574396
LOUISVILLE, Ky. - s4story -- LOUISVILLE, KY - Seven counties have formally joined the Louisville Riverport Authority in its bid to expand the city's foreign trade zone. An application pending before the U.S. Department of Commerce's Foreign Trade Zones Board would, if approved, expand Foreign Trade Zone #29 to include service to Allen, Barren, Christian, Todd, Logan, Simpson and Warren counties. The application, docketed by the federal board on January 9, 2023, included the support of leaders from all seven counties.
"I support the application for Foreign-Trade Zone 29, which presents an incredible chance for our region to draw in investment and maintain local employment," said Warren County Judge Executive Doug Gorman. "The creation of this foreign-trade zone will significantly contribute to the area's economic progress, especially with companies like Envision and others considering coming to South Central Kentucky."
Expanding Louisville's Foreign Trade Zone designation would bring a variety of benefits to businesses throughout south central Kentucky, namely, allowing them to compete with foreign manufacturers per international customs rates and regulations that come with foreign trade zones. An expanded trade zone would also unlock new opportunities for local economic development organizations seeking to attract foreign investment and job creation.
More on S For Story
At the end of 2021, FTZ 29 included retail goods distributors trading textiles, footwear, and electronics; automotive, electronics and appliances manufacturers; and petroleum, vehicle parts and other businesses that directly employed more than 25,000 Kentucky workers. Operators in this trade zone also shipped nearly $25 billion in goods with nearly $750 million in exports through December 2021. FTZ 29 currently serves 25 counties in central and western Kentucky; the expansion of FTZ 29 into south central Kentucky will enable businesses in this part of the Commonwealth to benefit from this economic activity.
Louisville Riverport Authority partners and co-applicants include
Another critical partner to the foreign trade zone program is the U.S. Customs and Border Protection, which serves FTZ 29 sites from the Port of Louisville and the Port of Owensboro/Evansville. Zone projects established in the expanded service area will be served by the U.S. Customs and Border Protection from the Port of Nashville. Zone activation by US CBP enhances the security of the goods moving through the zone which benefits everyone involved in these transactions.
More on S For Story
To learn more about the U.S. Foreign Trade Zone program, visit the US Department of Commerce or the National Association of Foreign Trade Zones (NAFTZ). Inquiries about the Louisville Riverport Authority's FTZ 29 may be directed to miguel.zamora@louisvilleriverport.com.
###
About us: The Louisville Riverport Authority has been a centerpiece of economic growth and development in Louisville, Kentucky for over three decades. With a second-to-none location, multiple transportation options, and access to a ready, skilled workforce, Riverport is the ideal place for businesses to grow.
"I support the application for Foreign-Trade Zone 29, which presents an incredible chance for our region to draw in investment and maintain local employment," said Warren County Judge Executive Doug Gorman. "The creation of this foreign-trade zone will significantly contribute to the area's economic progress, especially with companies like Envision and others considering coming to South Central Kentucky."
Expanding Louisville's Foreign Trade Zone designation would bring a variety of benefits to businesses throughout south central Kentucky, namely, allowing them to compete with foreign manufacturers per international customs rates and regulations that come with foreign trade zones. An expanded trade zone would also unlock new opportunities for local economic development organizations seeking to attract foreign investment and job creation.
More on S For Story
- CSC Motorcycles Announces New Twin Cylinder 650cc Sport Touring Model
- Vincenzo Sannipoli Announces the Release of Sulla vetta del tubo
- Cargill joins Selerant on stage at American Food Innovate 2023
- The In-N-Out Burger Financial Planning Story
- Cash Depot Appoints Tony Gaines as Chief Revenue Officer and Brand Ambassador
At the end of 2021, FTZ 29 included retail goods distributors trading textiles, footwear, and electronics; automotive, electronics and appliances manufacturers; and petroleum, vehicle parts and other businesses that directly employed more than 25,000 Kentucky workers. Operators in this trade zone also shipped nearly $25 billion in goods with nearly $750 million in exports through December 2021. FTZ 29 currently serves 25 counties in central and western Kentucky; the expansion of FTZ 29 into south central Kentucky will enable businesses in this part of the Commonwealth to benefit from this economic activity.
Louisville Riverport Authority partners and co-applicants include
- Envision AESC in Bowling Green, which will manufacture EV batteries
- Southern Kentucky Warehousing & Fulfillment, LLC in Rockfield, which provides warehousing and distribution services
Another critical partner to the foreign trade zone program is the U.S. Customs and Border Protection, which serves FTZ 29 sites from the Port of Louisville and the Port of Owensboro/Evansville. Zone projects established in the expanded service area will be served by the U.S. Customs and Border Protection from the Port of Nashville. Zone activation by US CBP enhances the security of the goods moving through the zone which benefits everyone involved in these transactions.
More on S For Story
- One Maryland Family: A Microcosm of America's History
- Sip Social Co. Partners With Apé Canada For Supply Of Piaggio Apé's
- Arizona Author's Title Tapped as One of Thirty Best
- "The Solutionists" is the Call-To-Action for Business Leaders to Become More Purpose-Driven
- New Self-Help Book - The Mindset Game By Matthew Lawrence Scigousky
To learn more about the U.S. Foreign Trade Zone program, visit the US Department of Commerce or the National Association of Foreign Trade Zones (NAFTZ). Inquiries about the Louisville Riverport Authority's FTZ 29 may be directed to miguel.zamora@louisvilleriverport.com.
###
About us: The Louisville Riverport Authority has been a centerpiece of economic growth and development in Louisville, Kentucky for over three decades. With a second-to-none location, multiple transportation options, and access to a ready, skilled workforce, Riverport is the ideal place for businesses to grow.
Source: Louisville Riverport Authority
0 Comments
Latest on S For Story
- Cookbook Passion – Available Now from Histria Books
- Tupac Behind Bars – Available Now from Histria Books
- One Day children's book is a powerful book that empowers children, parents, and families
- .Store Domains launches Elevate.store – a free-to-use platform for online sellers with deals on business tools
- In Celebration of Women's History Month, the YMCA of the Rockies Hosts Famed Couple and Acclaimed Authors, Cheri and Tracey Syphax
- GP GLOBAL GROUP Secures $18M Sale of Shoppes at 41st Street Retail Plaza in Doral, Florida, with $11.5M CMBS Loan Assumption
- HLN's Immunization Calculation Engine (ICE) is continually updated to support new COVID-19 recommendations
- Wayne M. Bailey Releases New Science Fiction Novel - The Mars Migration
- Words N More Creative, LLC Launches Niche Magazine Artisan Joy
- Rewilding Ireland with Lord Dunsany and IrishTrees
- The Tokyo Rebels Announces the Release of Their Groundbreaking Whitepaper
- Armadillos with Benefits™ - PicPocket-Labs, Inc. details its plans/roadmap at SxSW for combining "location-based NFTs" and loyalty programs
- Never give up your dream: If you can dream it, you can do it
- A Field Guide for Preventing and Treating Cognitive Decline paperback
- Microsoft-Backed HRtech Startup ZingHR Invests In SaaS Startup LokiBots
- World Sleep Day, why do we celebrate?
- HGR Alcohol Detox Centers in San Diego Accepts Most Health Insurances
- ShopCHARLI.com Launches Online Store With a Hot New Spring Collection that Doesn't Miss
- Congressman Mark Alford endorsed by Veterans for Trump on his 2024 re-election
- February 2023 Financial Market Review