The federal government approved a foreign trade
zone request that will allow companies to use tax incentives for
business done through the Capital Region International Airport.
According to excerpts from the article:
"It
was a little longer than we anticipated, so there was some fear there
was maybe going to be a 'no' in the works," said Bob Selig, executive
director of the Capital Region Airport Authority. "Of course, we're
excited to basically be launching another component of our
international development that's so critical to the region and the
state at this point."
The zone is part of the airport's push for
international cargo and air travel. The airport became an official U.S.
Port of Entry last year. In May, the airport opened a $4.3 million U.S.
Customs and Border Protection station.
These developments should
help make Lansing a distribution and logistics hub for international
trade, said Tim Daman, president and CEO of the Lansing Regional
Chamber of Commerce.
Read the entire article
here.
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