21 Apr 2025
🏭Approval of Subzone Status for Rincon Power, LLC in Carpinteria, CA
Approval of Subzone Status; Rincon Power, LLC; Carpinteria, California
Summary
The Foreign-Trade Zones Board has approved subzone status for Rincon Power, LLC in Carpinteria, California. This approval, granted under the FTZ Act, allows Rincon Power to benefit from specific regulatory and tax advantages associated with operating in a designated Foreign-Trade Zone. The decision follows a comprehensive review process.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The document outlines the approval of subzone status for Rincon Power, LLC, which allows for potential tax and regulatory benefits associated with operating in a Foreign-Trade Zone. This is significant for business owners and executives considering expansion or investment opportunities in the area.