FTZs can bring in millions of dollars in additional profits and cost very little to maintain relative to the investment. Even though the FTZ program was created in 1934, its relevance today is huge. After the year 2002, when Customs allowed for weekly entry (which greatly increased the demand for zones in warehouse and fulfillment […]
Ford To Lead America’s Shift To Electric Vehicles With New Mega Campus In Tennessee And Twin Battery Plants In Kentucky; $11.4B Investment To Create 11,000 Jobs And Power New Lineup Of Advanced EVs Visit the Ford Media Center to view videos and read more information: Ford Blue Oval City
Plans to Complete Major Infrastructure Projects, Invest in Workforce Tuesday, June 08, 2021 | 03:49pm NASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee announced a plan to complete major infrastructure investments at the Memphis Regional Megasite, as well as efforts to address workforce and quality of life in the region. “The Memphis Regional Megasite offers […]
Business Expansion Journal recently highlighted Foreign Trade Zones in it’s Industry Outlook feature. Excellent article by David Hodes explains why expansions of FTZs continue as more companies seek unique operational savings. Here in West Tennessee, FTZ #283 services 95% of the allowable geography under CBP enforcement procedures. We’re extremely lucky to have such an economic […]
By Casey Kidd Following the ICSC RECon 2019 trade show in Vegas, I came to several realizations about the purpose(s) brick and mortar retail is currently serving, as well as where it’s headed in the not so distant future. While it is true that retail today doesn’t look quite like it did 20 years ago, […]
Well, it’s official. The podcast craze is here. Rarely do I spend any time in my car without something blaring from Spotify, iHeartRadio, or Apple Podcasts. I recently discovered a podcast for Economic Developers called Develop This! Episodes are usually about half an hour or so and the topics are timely and the conversation enlightening. […]
On November 8, the Department of Commerce approved the service area of FTZ #283 to include all of Crockett County along with portions of Weakley, Henry, Carroll, and Henderson Counties. This expansion puts 95% of the geographically allowed area of West Tennessee within the FTZ. Below is a rough outline of the new service area. […]
The West Tennessee Industrial Association had its beginning in 1956 as a membership organization consisting of banks, electric and gas departments, and even interested individuals. In 1960, the Tennessee Valley Authority allowed their power distributors to form regional industrial development organizations. The first such organization was located in West Point, Mississippi and in 1961 became […]