Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Taylor County OKs inclusion in proposed foreign-trade zone, approves two magnet sites
Summary
The commissioners voted unanimously to authorize a letter supporting Taylor County’s inclusion in a foreign-trade zone service area and to back two magnet sites in DCOA industrial parks, pending a multi-step federal application process presented by the Development Corporation of Abilene.
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Taylor County Commissioners Court on Tuesday voted 4-0 to authorize the county judge to sign a letter supporting Taylor County’s inclusion in a proposed foreign-trade zone (FTZ) service area and to back two magnet sites that would sit inside existing Development Corporation of Abilene industrial parks.
The vote followed a presentation by Misty Mayo of the Development Corporation of Abilene and an explanation of FTZ benefits by consultant Shane Williams. Mayo said the FTZ application process will take roughly two years and that the proposed magnet sites are in the DCOA’s 5 Points Business Park on the west side and Access Business Park on the east side, and that the airport is also included in the request.
The Foreign-Trade Zones program is administered at the federal level; Williams described three principal benefits commonly used by U.S. manufacturers and distributors: deferred duty payment until imported goods enter U.S. commerce, “inverted tariff” treatment where duties on certain finished goods can be lower than duties on imported components, and duty elimination for goods that are stored or reexported from a zone. Williams and Mayo said the program is intended to support U.S. manufacturing and job creation rather than permanent tariff avoidance.
Mayo said the DCOA expects only a small number of local firms would qualify or choose to use FTZ benefits, but that the program can have a large effect on employment and investment for those firms. She told commissioners the magnet sites would allow firms located in those parks to operate immediately within the FTZ once the federal Alternative Site Framework is approved.
Commissioner discussion noted that Texas already has many FTZ grantees and that the program aligns with recent federal priorities for bringing manufacturing onshore. Commissioner Statler moved to approve Taylor County’s inclusion and authorize the judge to sign the support letter; a second was recorded and the motion passed 4-0.
The court’s action at this stage is support for the application and the magnet-site designations; it does not itself create the FTZ, which requires review and approval by the federal Foreign-Trade Zones Board and staff. Mayo and Williams emphasized the application is an early step and that DCOA would be the local administrator for the magnet sites if approved.
The court did not commit county tax abatements or other incentives as part of the FTZ action; the discussion focused on the administrative inclusion and the practical benefits described by the presenters.
Commissioners who voted yes: Commissioner Statler, Commissioner Bertram, Commissioner Williams and Commissioner Burcham. The court recorded the vote as 4-0 in favor.
