2026-13308NoticeWallet

Corning Seeks Tax Break for Fiber Cable Production

Published Date: 7/1/2026

Notice

Summary

Corning Optical Communications in Winston-Salem wants to start making fiber optic cables using special imported materials that usually have a 6.7% tax. By doing this inside a Foreign-Trade Zone, they can save money on taxes and speed up production. People have until August 10, 2026, to share their thoughts on this plan.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

FTZ lets Corning avoid 6.7% duty

Corning Optical Communications proposes to make fiber optic cables in Foreign-Trade Zone 230 in Winston-Salem, North Carolina. The imported optical fiber component has a 6.7% duty while the finished cables are duty-free, and producing inside the FTZ would allow Corning to avoid that 6.7% duty and speed production. The Board received the notification on June 26, 2026, and public comments are due by August 10, 2026.

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Key Dates

Published Date
7/1/2026

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
Foreign-Trade Zones Board
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