Foreign trade designation could help manufacturers

With a steady increase in import-export activities by a growing number of companies and manufacturers in North Bay, the Port of San Francisco has approved eligibility for the expansion of the boundaries of its existing Foreign Trade Zone No. 3 to encompass much of Sonoma County, part of Napa County and all of Marin, Solano and Contra Costa counties.

"It's all about keeping jobs here and having a great incentive to bring new businesses and even more jobs to our area," said Shirlee Zane, chairwoman of the Sonoma County Board of Supervisors. The north end of the expanded trade zone includes Healdsburg.

"We are entering a world of global trade," said Efren Carrillo, fifth district Sonoma County supervisor. The incentives that come along with being in such a zone will help local companies better compete globally, he said.[poll id="42"]

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Pam Chanter, chairwoman of the county's Economic Development Board and vice president of Vantreo Insurance Brokerage in Santa Rosa, said the zone will encourage companies to grow locally.

"Federal approval of this expansion should have a major positive impact for Sonoma County manufacturers by reducing their costs, making them more competitive, and giving them a reason to keep their operations here," she said.In the works since 1995

The Economic Development Board has been working to have the zone expanded since 1995 and sponsored the most recent application.

"Back then, the program was not a good fit for Sonoma County, but recently, we conducted research on international trade in the county and found we had sufficient evidence to support our application," said Ben Stone, board executive director. "Being designated as a foreign trade zone gives us federal incentives and an array of tools we can use to create new jobs, stimulate the local economy and attract new businesses to the region."

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