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AN EXCITING OPPORTUNITY IS NOW AVAILABLE TO DO BUSINESS IN OKLAHOMA’S NEWEST FOREIGN-TRADE ZONES LOACATED IN ADA, and GUTHRIE, OKLAHOMA
For Immediate Release: Contact: Matthew Weaver 405.623.5335
October 17th, 2007
The Port Authority of Greater Oklahoma City, grantee of Foreign Trade Zone #106, has been granted the authority from the Foreign-Trade Zones Board, U.S. Department of Commerce, to include sites at the ICON Center Industrial Park (Site #12) in Ada, Oklahoma – now known as the Chickasaw Center - and within the boundaries of the Guthrie/Edmond Regional Airport, GeoPort, (Site #13).
The Ada site, zoned I-2, sits on 26 acres, has 357,101 sq.ft. under roof, and 8 silos with a total of 5,000 ton capacity. The Guthrie site, also zoned I-2, sits on 308 acres with a 5,000 ft. main runway and several buildings ready for new operations.
This is a grant of authority issued by the U. S. Foreign-Trade Zones Board pursuant to Board Order No. 1529. The expansion sites were approved on September 28th, 2007.
A FOREIGN-TRADE ZONE is an area considered outside of the U.S. Customs territory in which duties on merchandise can be deferred, reduced or in some cases eliminated. A Foreign-Trade Zone is an area where domestic and foreign merchandise is brought for the purpose of storage, manufacturing, assembly, salvage, repackaging, repair, re-export, transfer shipping, exhibiting goods and other operations.
Most Foreign-Trade Zones are located in or near U.S. Customs Port of Entry and under U.S. Custom Supervision. Foreign-Trade Zones are also referred to as "FREE PORTS" or “FREE ZONES” in some parts of the world.
A Foreign-Trade Zone is a unique means of expanding international trade in Oklahoma as well as stimulating the local economy to provide greater economic growth and employment opportunities to the Greater Oklahoma City Area.
The Port Authority of Greater Oklahoma City, FTZ #106
Matthew S. Weaver
Marketing and Business Development