Commerce Provides Foreign Trade Zone Benefits to VF Distribution Facility

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Textile Development Memo for November 1, 2010

By David Spooner, Squire Sanders & Dempsey

On October 20, the Department of Commerce's Foreign Trade Zones (FTZ) office granted FTZ status for a VF distribution and warehousing facility in Martinsville, Virginia.  VF estimates that FTZ status for its Martinsville facility will save the company $650,000 per year.

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