This Week
  • Developer plans a $15 million project to renovate a historic site in Clifton Springs.

  • The economy and demographics have Sheridan Bros. Moving on the move.

  • Technology and other factors have brought big changes to commercial building.

  • From Morocco, Joseph Squalli traveled far to become Rooney's Restaurant owner.

  • RocMusic director Alexander Pena rallies young music makers.

  • Challenges mount for area companies that do business in Russia.

Crosman approved as foreign trade subzone

Rochester Business Journal
August 26, 2014

Bloomfield-based Crosman Corp. has received federal approval for a foreign trade subzone; a move that could result in additional jobs.

U.S. Sen. Charles Schumer, D-NY, announced the foreign trade subzone approval Tuesday, noting it was the second of two approvals for a Foreign Trade Zone in Ontario County and four adjoining counties: Wayne, Seneca, Yates and Livingston.

Foreign Trade Zones are designated sites in the United States, licensed by the Foreign Trade Zone Board, where companies can benefit from delayed or reduced customs duties in order to level the playing field with foreign competitors.

Now that Crosman has received the subzone approval, it will be able to import parts, components and finished goods. The subzone is expected to be operational next month.

Crosman intends to in-source the production of 30,000 to 50,000 air-powered pellet guns now made in Asia, and has plans to in-source more production over the coming three years. The work has the potential to add up to 25 new full-time jobs over the next three years.

“Establishing this Foreign Trade Zone will help keep our company competitive globally, increase our U.S. manufacturing capability, and create U.S. jobs,” said Phil Dolci, Crosman CEO, in a statement. 

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 






What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google