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Salt Lake City hands administration of Foreign Trade Zone No. 30 to World Trade Center Utah
Summary
Salt Lake City announced today that grantee/administration of Foreign Trade Zone No. 30 has been transferred to World Trade Center Utah. Officials said the move — previously approved by the City Council and the U.S. Department of Commerce — is meant to expand FTZ use statewide and help local firms reduce duties.
Salt Lake City announced the transfer of grantee and administrative responsibility for Foreign Trade Zone No. 30 to World Trade Center Utah, a move city and state officials said onstage today is intended to expand the program's reach across the Wasatch Front and the state.
"We want to officially recognize the transfer of the grantee status of Foreign Trade Zone Number 30 to World Trade Center Utah," Mayor Mendenhall said, calling the transition part of a long-running effort that traces to former Mayor Ted Wilson's 1977 initiative to create the FTZ in Salt Lake City. The mayor said the FTZ has helped local businesses cut costs, streamline supply chains and create jobs, and thanked the City Council and economic development staff for guiding the transfer.
Jonathan Friedman, president and CEO of World Trade Center Utah, said the organization will provide…
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