"Focus: Lewiston-Auburn" piece on Auburn's Foreign Trade Zone (FTZ), which was e

Authors

Chris Churchill

Source

Mainebiz

Date

11-13-2006

Pages

32-33

Abstract

"Focus: Lewiston-Auburn" piece on Auburn's Foreign Trade Zone (FTZ), which was established by the federal government in 2004. The FTZ allows companies to ship international cargo in and out of the zone without paying duties or tariffs. Ben Hayes, foreign trade zone director at the Lewiston-Auburn Economic Growth Council, said it is not surprising that the area has been slow to develop. Hayes notes that the area lacks infrastructure, like warehouse space, that would make locating there and storing and shipping product there viable. Dan Thayer, president of the Auburn Business Development Corp., believes the zone is a "gem" that will eventually produce significant economic benefits. Auburn officials will soon announce details about a proposed 380,00-sq.-ft. speculative building to be built in the park.

Subjects

Auburn, Economic development

Recommended Citation

Churchill, Chris, ""Focus: Lewiston-Auburn" piece on Auburn's Foreign Trade Zone (FTZ), which was e" (2006). Maine News Index – MaineBiz. 3910.
https://digitalcommons.portlandlibrary.com/news_mainebiz/3910