Lansing airport officials say a new expansion will help spur international business in mid-Michigan.
Capitol Region Airport officials officially opened their new “Port Lansing” foreign trade zone today. Goods that come into the trade zone are exempt from customs tariffs and merchandise that's shipped from the zones is exempt from duty payments.
Robert Selig is the president of the Capitol Region Airport Authority. He says the foreign trade zone designation will give mid-Michigan businesses a chance to get involved in international trade.
“Both in the way of providing services or expanding their product lines to get involved in international business …to grow jobs…to grow their business and expand the economy in mid-Michigan,” says Selig.
The airport authority is hoping to attract 20 million dollars in private investment in its 110-acre foreign trade zone.