Since its formation, GMFTZ Zone #277 has acted as a primary catalyst for attracting new economic development and businesses to the West Valley. “This ASF approval paves another avenue for attracting businesses to our communities by offering them the best economic tools available,” said Michelle Rider, President & CEO of WESTMARC, which provides support and marketing services to GMFTZ Zone #277. A qualifying business interested in locating within WESTMARC’s region can now apply under the expedited ASF, which drastically reduces the amount of time typically required for review and processing at the federal level.
GMFTZ applied for restructuring under the new format because the ASF is a more nimble, business-friendly process, and provides expedited approval for businesses that qualify for FTZ status. GMFTZ Zone #277 was originally formed in 2010 under the Traditional Site Framework (TSF) structure. Department of Commerce’s Foreign-Trade Zones Board, and allows GMFTZ (the Zone Grantee) to expedite approval for new Usage-Driven Zone requests. The ASF structure is authorized by the U.S. (GMFTZ) Zone #277, to operate under the Alternative Site Framework (ASF) structure. Janu– Peoria, AZ – WESTMARC received final approval for the Greater Maricopa Foreign Trade Zone, Inc.
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