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Commissioners approve non‑opposition letter for Corvo’s Foreign Trade Zone pilot; county says taxpayers will be held harmless
Summary
Collin County approved a non‑opposition letter for Corvo US to be designated a subzone of Foreign Trade Zone No. 39 and a pilot payment‑in‑lieu agreement meant to preserve county tax revenues; the court voted 5–0 to support the agreement.
Russell Schauffner, deputy county administrator, and counsel for Corvo presented a payment‑in‑lieu pilot tied to a Foreign Trade Zone (FTZ) application that the county said would leave Collin County taxpayers financially whole.
Schauffner explained the FTZ framework and said this would be the first FTZ involving Collin County; legal counsel for Corvo said the pilot agreement is structured…
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