Once a year, community leaders from Terrebonne and Lafourche embark upon a mission to Washington, D.C. with hopes of persuading our federal leaders to help get funding for projects, change laws and consider federal applications. This year’s trip, organized by the Houma-Terrebonne Chamber of Commerce, began on March 29.
Focused on identifying and promoting opportunities for business and industry, Terrebonne Economic Development Authority's (TEDA) itinerary included meetings with the Department of Transportation’s marine administration, Senators Mary Landrieu and David Vitter, Representative Charlie Melancon, Invest in America, the Small Business Administration, the Department of Labor, the Foreign Trade Zone-Department of Commerce, EX-IM Bank and the USDA.
Two meetings in particular, one with the Foreign Trade Zone-Department of Commerce, and another with EX-IM Bank, laid the foundation for immediate-action items upon Ferdinand’s return to Terrebonne. For three years, TEDA has pursued Foreign Trade Subzone status for several Terrebonne businesses.
“Its value is a marketing tool to attract and retain businesses to Terrebonne in order to manufacture, sell, and collect taxes on the items it produces,” Ferdinand commented.
In the meeting, several opportunities were realized for Terrebonne. As a result, TEDA is pursuing a new platform within the program for Terrebonne to receive FTZ status.
To read the full article, visit the Daily Comet.
Wednesday, April 29, 2009
One Local Company Operates One of the Busiest FTZs in the US
World Warehouse and Distribution Executive Vice President Bill Glaude said the company has been told by local Customs and Border Protection officials that U.S. Foreign Trade Zone #54, which takes up 111,000 square feet of its Champlain facilities, is the most active Foreign Trade Zone in the United States.
The largest part of that activity involves a distribution project for Modelo Molson Imports L.P. Modelo Molson Imports was formed in 2008 to import, distribute and market the Modelo portfolio of beers throughout Canada.
World Warehouse has handled Modelo Molson's shipments to Canada's Maritime provinces and Ontario since late April 2008. The brands include Corona, Corona Light and Negra Modelo.
"We average 2,000 ocean containers a year in-bound," Glaude said. "That equates to about 3.5 million cases of beer."
That means approximately 2,000 container loads of Corona, Corona Light and Negra Modelo beer, about 3.5 million cases, passed through the Clinton County Foreign Trade Zone last year.
To read the full article, please visit Press Republican.
The largest part of that activity involves a distribution project for Modelo Molson Imports L.P. Modelo Molson Imports was formed in 2008 to import, distribute and market the Modelo portfolio of beers throughout Canada.
World Warehouse has handled Modelo Molson's shipments to Canada's Maritime provinces and Ontario since late April 2008. The brands include Corona, Corona Light and Negra Modelo.
"We average 2,000 ocean containers a year in-bound," Glaude said. "That equates to about 3.5 million cases of beer."
That means approximately 2,000 container loads of Corona, Corona Light and Negra Modelo beer, about 3.5 million cases, passed through the Clinton County Foreign Trade Zone last year.
To read the full article, please visit Press Republican.
Monday, April 27, 2009
Lenoir County Leaders Work to Better Economic Partnership with South Korea
As the global recession continues to plague economies at home and abroad, local and state officials are working to establish better working relationships with internationanl markets.
The partnership between North Carolina and South Korean markets has improved in recent years. The state exports tobacco, cotton and corn to South Korea, which has enabled NC to become South Korea's 11th largest exporter of goods and services this year. The state exported nearly $575 million worth of goods to South Korea last year.
Eastern North Carolina's Global TransPark is encouraged to be evaluated as a place to ship pork products from North Carolina to South Korea. The Global TransPark is one of seven approved general purpose Foreign-Trade Zones in the state and Lenoir County is one of only six locations in the state that has been designated an "Export Ready" site by the NC Department of Commerce. International markets are using the trade zones to ship their goods without charge to other ports nationwide.
To view the full article, please visit ENC Today.
The partnership between North Carolina and South Korean markets has improved in recent years. The state exports tobacco, cotton and corn to South Korea, which has enabled NC to become South Korea's 11th largest exporter of goods and services this year. The state exported nearly $575 million worth of goods to South Korea last year.
Eastern North Carolina's Global TransPark is encouraged to be evaluated as a place to ship pork products from North Carolina to South Korea. The Global TransPark is one of seven approved general purpose Foreign-Trade Zones in the state and Lenoir County is one of only six locations in the state that has been designated an "Export Ready" site by the NC Department of Commerce. International markets are using the trade zones to ship their goods without charge to other ports nationwide.
To view the full article, please visit ENC Today.
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