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News Release
For Immediate Release
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Wilson County Approved to Join Research Triangle Area Foreign Trade Zone
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Durham, N.C. The Research Triangle Area Foreign Trade Zone (#93) is expanding! Wilson County, North Carolina has been approved by the U.S Foreign Trade Zone Board as the 15th county to be covered within the service area of the Foreign Trade Zone (FTZ). "We are pleased to be able to offer this opportunity to our existing industries as well as new businesses considering Wilson County for a new location, "said Jennifer Lantz, Executive Director, Wilson Economic Development Council. "It certainly enhances Wilson's global footprint. Many thanks to the staff at FTZ #93 for their assistance."
The Wilson County Economic Development Council initiated discussion with FTZ #93 Administrator Renee Boyette in the hopes of expanding opportunities for the county's businesses. "This enhancement to the region's foreign trade zone offers new capacity to promote export-import business activity and all-important job growth for the regional labor market," said Tom White, long-term member and current Chairman of the Rates, Tariff and Legal Review Board for FTZ #93.
A foreign trade zone is a designated location in the United States where companies can use special procedures that help encourage U.S activity and value added- in competition with foreign alternatives- by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings. Merchandise in a zone may be assembled, exhibited, cleaned, manipulated, manufactured, mixed, processed, relabeled, repackaged, repaired, salvaged, sampled, stored, tested, displayed and destroyed.
Foreign Trade Zone #93 covers Chatham, Durham, Johnston, Lee, Moore, Orange, Wake, Franklin, Granville, Harnett, Person, Sampson, Vance, Warren, & now Wilson County. Triangle J Council of Governments is the grantee of the zone; assisting new companies & sites through the application process. Currently, a permanent magnet site exists in World Trade Park near Raleigh-Durham International Airport. Additional magnet sites are located in the Holly Springs and Imperial Center business parks. Usage driven sites and subzones are authorized for Dudson USA Inc., Southern Lithoplate, Merck (zones in Durham and Wilson), Revlon and GlaxoSmithKline. Interested businesses of any size can learn more here, where they can estimate potential savings by operating with foreign-trade zone status.
For more information contact Renee Boyette at [email protected] or 919.558.9403.
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About Triangle J Council of Governments
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Triangle J Council of Governments (TJCOG) is the lead regional planning organization for North Carolina's Region J, encompassing Chatham, Durham, Johnston, Lee, Moore, Orange and Wake counties. TJCOG promotes collaboration among local governments, stakeholders and partners, tackling challenges that cross jurisdictional lines.
TJCOG leads regional planning and collaborative efforts in economic development, land use and infrastructure, water resources, energy efficiency and air quality. Through the Triangle J Area Agency on Aging, the organization also coordinates county-based services for the region's aging population across the seven-county region. For more about TJCOG, go to
www.tjcog.org
Contacts:
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Alana Keegan
Engagement Specialist
Triangle J Council of Governments
919-558-2706
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