Associated Press Report
7:10 AM EDT, August 30, 2011
FORT WAYNE, Ind. (AP) — Eight northeastern Indiana counties are hoping the expansion of the region's foreign trade zone will help to grow local businesses.
Fort Wayne Mayor Tom Henry says the larger foreign trade zone will give manufacturers incentives to expand their operations in northeast Indiana. He predicts the zone will attract new businesses and inspire existing businesses to expand.
The Journal Gazette reports (http://bit.ly/qmHq7n) that Henry says the zone promises to reduce or eliminate tariffs that would save companies "thousands of dollars each month," streamline the application process to join the foreign trade zone and the time it takes to join.
The expanded zone will include Adams, Allen, DeKalb, Huntington, Noble, Wabash, Wells and Whitley counties.
Information from: The Journal Gazette, http://www.journalgazette.net