December 4, 2024 12:28 pm
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Eloy moves closer to obtaining free trade zone, a great jobs-maker, says Rose Law Group Senior Partner, Court Rich

Walton’s Sunshine Industrial Park, which could potentially benefit from Eloy with a foreign trade zone.
Walton’s Sunshine Industrial Park, which could potentially benefit from Eloy with a foreign trade zone.

By Lora Neu | Eloy Enterprise

After applying for and subsequently receiving a recommendation for denial for a General Purpose Foreign Trade Zone Grant of Authority applied for in March of 2011 for what was to be the Eloy/Pinal County Foreign Trade Zone, things may be turning around for the city of Eloy.

During the Eloy City Council meeting Monday, Community Development Director Harvey Krauss, in a written staff report and presentation to the council, recommended that the City adopt a resolution to amend its FTZ application to be filed under an Alternative Site Framework.

Rather than the stand-alone Free Trade Zone (FTZ) that the city envisioned, they have now decided to partner with currently existing FTZs in the Phoenix and Tucson areas; particularly with the Tucson Regional Economic Opportunities Foreign Trade Zone, or TREO.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.