Senator Gallivan Announces Senate Passes Bill to Allow Wyoming County in Foreign Trade Zone Program
Jim Ranney
June 5, 2018
Senator Patrick M. Gallivan (R-C-I, Elma) announces the New York State Senate has passed a bill to give Wyoming County the authority to participate in the Foreign Trade Zone program, providing local businesses and manufacturers with various cost saving options. The bill, (S.7000) sponsored by Senator Gallivan, would designate Wyoming County as a sub-zone of Erie County’s Foreign Trade Zone.
"Participation in the Foreign Trade Zone program will result in significant savings for dozens of businesses located in Wyoming County,” Gallivan said. “The savings will help these manufacturers create and retain local jobs and encourage further investment and growth.”
Foreign trade zones were established as part of the Foreign Trade Zones Act of 1934 to expedite and encourage foreign commerce. The program affords companies and manufacturers cost saving options related to United States taxes applied to imported or exported merchandise.
Wyoming County is currently home to over 50 advanced manufacturing companies which account for 16 percent of the county’s total workforce.
The legislation will be sent to the State Assembly.
-30-
related legislation
Share this Article or Press Release
Newsroom
Go to NewsroomGallivan seeks to provide unprecedented mandate relief for local governments
September 20, 2011
Gallivan Returns To Ground Zero As Part of 9-11 Memorial Ceremonies
September 12, 2011
Senator Gallivan Honors The Memory Of 9-11 Memorial Ceremony In NYC
September 12, 2011
Senator Gallivan Remembers September 11th
September 8, 2011