May 20, 2016

FTZ Closer to Reality


For close to three years, there has been a lot of talk about a Foreign Trade Zone (FTZ) being formed in the Neosho Industrial park.  Several months ago, the FTZ application hit a snag in Washington D.C. when the folks from Customs and Border Protection (CBP) weren't on board with the proposal. It appears some wrangling and arm twisting has changed that.  According to sources within the FTZ board office in D.C., NABIFI has modified the FTZ application and boundaries and removed the land associated with a proposed inter-modal facility from the FTZ site plan.  That change has allowed the CBP folks to now get on board.  FTZ Board review is now expected to happen as early as mid-July.

Below is a link to the original presentation to the Springfield Airport Board back in 2014.  While some of the information is inaccurate, it gives you an idea of what was proposed at the time.

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