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Government GE Manufacturing Solutions gets city support for foreign trade zone status

GE Manufacturing Solutions gets city support for foreign trade zone status

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GE Manufacturing Solutions, a unit of industrial manufacturer GE, received support from the Fort Worth City Council to obtain foreign trade zone status for the company’s Fort Worth facilities.

The city will send a letter to the U.S. Foreign-Trade Zones Board, requesting that GE’s facilities at 16201 Three Wide Drive and 16301 Three Wide Drive be granted the status. An area with foreign trade zone status can receive a delay or reduction in duty payments for foreign merchandise, according to the U.S. Foreign-Trade Zones Board website. U.S. Customs and Border Protection regulates foreign trade zones.

GE Manufacturing Solutions will employ 650 full-time employees and plans to spend about $500 million in real property and equipment for both facilities. The company has invested more than $230 million on the site so far.

The GE Manufacturing Solutions facilities in Fort Worth are responsible for manufacturing locomotives and mining equipment. GE, as a whole, has more than 15,000 diesel-electric locomotives operating worldwide.

www.fortworthgov.org/council_packet/mc_review.asp?ID=21683&councildate=12/1/2015

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