31 Jan 2025
📈Approval of Subzone Status for Wurth Electronics in Watertown, SD
Approval of Subzone Status; Wurth Electronics Midcom, Inc.; Watertown, South Dakota
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The approval of Subzone 220A for Wurth Electronics Midcom, Inc. under FTZ 220 can offer significant financial benefits, such as reduced tariffs and enhanced operational flexibility. This development also relates to compliance with regional economic regulations, potentially impacting business operations in South Dakota.