Louisville Riverport Authority Applies To Include South Central Kentucky In Foreign Trade Zone #29 Service Area
By: Louisville Riverport Authority
LOUISVILLE, Ky. - Feb. 2, 2023 - PRLog -- LOUISVILLE, KY - Seven counties have formally joined the Louisville Riverport Authority in its bid to expand the city's foreign trade zone. An application pending before the U.S. Department of Commerce's Foreign Trade Zones Board would, if approved, expand Foreign Trade Zone #29 to include service to Allen, Barren, Christian, Todd, Logan, Simpson and Warren counties. The application, docketed by the federal board on January 9, 2023, included the support of leaders from all seven counties.
"I support the application for Foreign-Trade Zone 29, which presents an incredible chance for our region to draw in investment and maintain local employment,"
Expanding Louisville's Foreign Trade Zone designation would bring a variety of benefits to businesses throughout south central Kentucky, namely, allowing them to compete with foreign manufacturers per international customs rates and regulations that come with foreign trade zones. An expanded trade zone would also unlock new opportunities for local economic development organizations seeking to attract foreign investment and job creation.
At the end of 2021, FTZ 29 included retail goods distributors trading textiles, footwear, and electronics;
Louisville Riverport Authority partners and co-applicants include
Another critical partner to the foreign trade zone program is the U.S. Customs and Border Protection, which serves FTZ 29 sites from the Port of Louisville and the Port of Owensboro/Evansville. Zone projects established in the expanded service area will be served by the U.S. Customs and Border Protection from the Port of Nashville. Zone activation by US CBP enhances the security of the goods moving through the zone which benefits everyone involved in these transactions.
To learn more about the U.S. Foreign Trade Zone program, visit the US Department of Commerce or the National Association of Foreign Trade Zones (NAFTZ). Inquiries about the Louisville Riverport Authority's FTZ 29 may be directed to miguel.zamora@
About us: The Louisville Riverport Authority has been a centerpiece of economic growth and development in Louisville, Kentucky for over three decades. With a second-to-none location, multiple transportation options, and access to a ready, skilled workforce, Riverport is the ideal place for businesses to grow.
Miguel A. Zamora II