11 Feb 2025
📦Approval of Subzone Expansion for Swagelok Company in Ohio
Approval of Subzone Expansion; Swagelok Company; Solon, Ohio
Summary
The Department of Commerce, through the Foreign-Trade Zones Board, approved the expansion of Subzone 40I for Swagelok Company located in Solon, Ohio. The expansion is part of a process that allows for enhanced operations under the FTZ regulations, promoting economic development in the region.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
This regulatory text pertains to the approval of an expansion of Subzone 40I for Swagelok Company, indicating a growth opportunity within a Foreign-Trade Zone which can lead to reduced tariffs and enhanced business operations. This regulatory action may encourage local economic development and potentially increase job opportunities in Solon, Ohio.