Economic Assets: FTZ / Opportunity Zone

Investment opportunities in Claiborne County

The Tax Cuts and Jobs Act of 2017 established Opportunity Zones as a new community development program aimed to encourage long term investments in low-income and rural communities.

The US Department of Treasury and the Internal Revenue Service announced on April 9, 2018 the designation of Census Tract #28021950300, in Claiborne County, MS as a Federal Opportunity Zone. The Claiborne County Oportunity Zone is located near Port GIbson.

 

Foreign-Trade Zone

Any business operating within Claiborne County, Mississippi is eligible to have its site designated as an FTZ site through the expedited 30-day site designation process. Claiborne County is included within the Service Area of Foreign-Trade Zone No. 158.

The FTZ provides the following:

• Deferral, reduction, or elimination of certain duties.
• Relief from inverted tariffs.
• Duty exemption on re-exports.
• Duty elimination on waste, scrap, and yield loss.
• Weekly entry savings.
• Improved compliance, inventory tracking, and quality control.
• Indefinite storage.

Click here to view a large version of the map.

Click here for a printable version of the map.

Click here to access the Claiborne County Opportunity Zone flier.