Southaven Trade Zone Expands to Four More Counties
Published Date: 4/7/2025
Notice
Summary
The Foreign-Trade Zones Board just gave the green light to expand Foreign-Trade Zone 262’s service area in Mississippi, adding Lafayette, Marshall, Panola, and Tate Counties. This means businesses in these areas near Memphis can enjoy special trade benefits that speed up imports and exports. The change kicks in soon and sticks to a 2,000-acre limit, helping local companies grow without extra costs.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
FTZ 262 Service Area Expanded to Four Counties
The Foreign-Trade Zones Board approved expanding Foreign-Trade Zone 262’s service area to include Lafayette, Marshall, Panola, and Tate Counties in Mississippi. The expansion is authorized under the Alternative Site Framework and applies to areas adjacent to the Memphis Customs and Border Protection port of entry. This gives businesses in those counties access to the FTZ privileges established by the Foreign-Trade Zones Act, which are intended to expedite and encourage foreign commerce.
2,000-Acre Activation Limit Applies
The Board approved the expansion subject to the Board's standard 2,000-acre activation limit for the zone. That means up to 2,000 acres may be activated under FTZ 262 following this reorganization. Businesses planning to use FTZ acreage should plan within this 2,000-acre activation cap.
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