With the ongoing woes of an international trade war and now a global pandemic brewing, Dino Dardano, president of Hestra Gloves, is ready to try a new tool available to him as a business in Jefferson County: foreign trade zones. The county became the latest Colorado community awarded the special designation, which lets businesses postpone […]
Foreign Trade Zones
Posted inBusiness, News, Politics and Government
Adjusting to life under tariffs, Jefferson County and Grand Junction are pursuing a solution that’s still proving itself in Colorado
Jefferson County and Grand Junction are seeking to become free-trade zones in an effort to attract more business, add jobs and help local companies offset some of the rising cost of international trade. Their applications would provide the regions with a spot for companies to store imported goods and defer or bypass tariff-duty payments. There’s […]
Posted inBusiness, News, Politics and Government
It’s not just China: The United States’ global trade war has Colorado companies seeking — and finding — workarounds
BROOMFIELD — Colorful spools of thread made and imported from Germany will soon leave this Broomfield warehouse and head to Mexico, skipping any payment of U.S. tariffs. It’s not a random loophole. Part of Amann USA’s facility is located in a Foreign Trade Zone, a property designation that allows manufacturers to defer import taxes until […]
Posted inBusiness, Growth, News
Why a computer maker moved manufacturing to Denver, despite ongoing trade war with China
Inside the spacious warehouse where solar-energy equipment was once made, about two dozen employees are building the craziest thing to be built in Denver: computers. Major PC makers moved manufacturing overseas long ago, but System76 isn’t known for following others. Its computers don’t have Microsoft Windows, but rather, the open source Linux operating system. The […]