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.
Wednesday, April 22, 2009
Expansion Sought for Another Kansas City Foreign-Trade Zone
An application has been submitted requesting the authority to expand Kansas City's Foreign-Trade Zone #17. It was formally filed to the Foreign-Trade Zones Board only 5 days after the submitted request for changes to FTZ #15.
The applicant is requesting authority to expand the general-purpose zone to include the Midwest Commerce Center, located at 17159 Mercury Street in Gardner, Kansas. The proposed new site would be designated Site 8 and will be used for warehousing, storage, and distribution activities. No specific manufacturing requests are being made at this time.
The FTZ Board is inviting public comment on the application. Submissions shall be addressed to the Board's Executive Secretary. The closing period for their receipt is June 19, 2009.
For more details on the request for expansion of FTZ #17 in Kansas City, please visit Import Industry News.
The applicant is requesting authority to expand the general-purpose zone to include the Midwest Commerce Center, located at 17159 Mercury Street in Gardner, Kansas. The proposed new site would be designated Site 8 and will be used for warehousing, storage, and distribution activities. No specific manufacturing requests are being made at this time.
The FTZ Board is inviting public comment on the application. Submissions shall be addressed to the Board's Executive Secretary. The closing period for their receipt is June 19, 2009.
For more details on the request for expansion of FTZ #17 in Kansas City, please visit Import Industry News.
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Monday, April 20, 2009
Aventure Aviation Named Top Exporter in Southeast
Aventure Aviation, a supplier of aircraft parts headquartered in Peachtree City, has been selected by the US Small Business Administration as the winner of the 2009 Exporter of the Year for Georgia and Exporter of the Year for the Southeast US.
The Exporter of the Year award is presented to companies based on the total number of export deals completed in 2008, increase in sales in 2008 compared to previous years, exports as percentage of total sales, the company's commitment to exporting and to customer service, and the company's innovation and originality in marketing their products or services.
Aventure has grown substantially since its formation in 2001 when it began with only one international account and three staff members. Today, exports account for over 90% of its sales and Aventure has increased its staff to thirteen employees. To accomodate this growth, in June 2008, Aventure Aviation expanded and moved into their new custombuilt facility on six acres in Peachtree City, GA, located in the Foreign Trade Zone.
To view the full article on Aventure Aviation, visit The Citizen.
The Exporter of the Year award is presented to companies based on the total number of export deals completed in 2008, increase in sales in 2008 compared to previous years, exports as percentage of total sales, the company's commitment to exporting and to customer service, and the company's innovation and originality in marketing their products or services.
Aventure has grown substantially since its formation in 2001 when it began with only one international account and three staff members. Today, exports account for over 90% of its sales and Aventure has increased its staff to thirteen employees. To accomodate this growth, in June 2008, Aventure Aviation expanded and moved into their new custombuilt facility on six acres in Peachtree City, GA, located in the Foreign Trade Zone.
To view the full article on Aventure Aviation, visit The Citizen.
Reorganization and Expansion Sought for Kansas City's Foreign-Trade Zone #15
An application has been submitted to the Foreign-Trade Zones (FTZ) Board by the Greater Kansas City Foreign-Trade Zone, Inc (grantee of FTZ 15) requesting authority to reorganize and expand the zone in the Kansas City, Missouri, area within the Kansas City Customs and Border Protection port of entry. The application was submitted pursuant to the provisions of the Foreign-Trade Zones Act and the regulations of the Board. It was formally filed on April 8, 2009.
In accordance with the Board's regulations, Christopher Kemp of the FTZ staff has been designated examiner to investigate the application and report to the Board.
For more details on the application in review, please visit Import Industry News
In accordance with the Board's regulations, Christopher Kemp of the FTZ staff has been designated examiner to investigate the application and report to the Board.
For more details on the application in review, please visit Import Industry News
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