"It's our future, let's build it together"

Waterville’s foreign trade zone nets first business to receive breaks on imported material

October 15, 2016

WATERVILLE — A Sanford business that imports yarn from abroad to make rugs is the first applicant to prepare a successful application to receive benefits under Waterville’s foreign trade zone, according to City Manager Michael Roy.

Flemish Master Weavers, which employs more than 100 people at its Sanford facility, has been working for about a year with the city, Mid-Maine Chamber of Commerce and Garvan Donegan, senior economic development specialist for Central Maine Growth Council based in Waterville, to be approved as a subzone in the city’s foreign trade zone.

The zone allows companies to have duties deferred, eliminated or reduced when importing or exporting goods. Flemish Master Weavers, which imports yarn to make its oriental-style rugs, will remain in Sanford.


Last modified: October 25, 2016

Comments are closed.