23 Apr 2025
🏭Subzone Status Approved for Century Arms, Inc. in Vermont
Approval of Subzone Status; Century Arms, Inc.; Georgia, Vermont
Summary
The Department of Commerce's Foreign-Trade Zones Board has approved subzone status for Century Arms, Inc. in Georgia, Vermont. This approval, granted to further activate FTZ 55, allows for specific regulatory benefits under the FTZ Act, fostering a favorable environment for the business and contributing to local economic growth.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The approval of subzone status for Century Arms, Inc. indicates a business incentive program that allows for potential tax benefits and simplified customs procedures. This could lead to increased economic activity and job creation in the area, aligned with FTZ regulations as mentioned in the text.