The Opportunity Zone tax incentive is a powerful tool meant to bring private capital to underserved communities. Governor Inslee nominated tract number 53073940000 in Washington State, which qualifies on both poverty rate and median family income. https://opportunitydb.com/zones/53073940000/
FOREIGN TRADE ZONE #128
In 1986, the Lummi Nation was awarded a Foreign Trade Zone (FTZ) designation. Since then, the Lummi Nation has owned FTZ #128, one of the only five FTZ's on an Indian Reservation, with two located on the U.S. West Coast. FTZ's allow for the import of foreign goods duty/tariff free. If a pre-described amount of value-added work is performed I the FTZ by American workers, the goods can then be shipped to U.S. markets at a removed or reduced tariff. Because of the reservation's proximity to Canada, the Lummi Nation saw the FTZ as the first step in becoming a regional portal to U.S./Canada trade. The nearby Port of Bellingham, also seeing the potential applied for and was awarded FTZ #129.
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