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CK Mayor Downplays FTZ Designation

Chatham-Kent’s Mayor is downplaying the impact of ‘Foreign Trade Zone’ designations for Windsor-Essex. civic-centre-chatham-300x225

While Randy Hope admits he’s been working on getting the same designation for CK, he says all of Canada is technically a ‘Foreign Trade Zone.’

“When they use that identity, it’s just to assists in some moneys that’re available for marketing and other things, “Hope says. “”It doesn’t have any additional value, no more value than we have today other than it gives you revenues to do some marketing and other things which we could use.”

The FTZ designation can mean financial incentives like tax relief, along with warehouse and processing services.

Ontario’s only other Foreign Trade Zone is the Niagara region.

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