Goodyear to apply for Foreign Trade Zone for ‘Project Spring’

By Mike Sunnucks | Rose Law Group Reporter

The city of Goodyear is in the running for a major economic development project called ‘Project Spring’.

As part of the site selection process, the city is being asked to make 1,100 acres of land into a Foreign Trade Zone.

The trade zones are approved by the U.S. Department of Commerce and offer discounts on custom fees. In Arizona, businesses within FTZs also pay lower property taxes.

The Goodyear City Council will consider applying for creation of a Foreign Trade Zone on land between Indian School Road, McDowell Road, Citrus Road and Perryville Road.

The item is on the Goodyear council’s Jan. 11th agenda.

Additional details on Project Spring are not available.

Goodyear has become a prime destination for data centers and logistics operations. The city is also looking to further diversify its economic base and attract more commercial office space as well as office and technology jobs.

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January 2021