Empowerment zones are specially designated areas in or near a U.S.customs port of entry that allows resident companies to import materials and components from foreign countries; assemble,process,manufacture,or package them; and then ship the finished product while either reducing or eliminating tariffs and duties.

Question

Quizplus · Accepted Answer

The description provided is for Foreign Trade Zones (FTZs), not empowerment zones. Empowerment zones are designated areas aimed at economic revitalization and community development, often through tax incentives and grants.

Empowerment Zones Are Specially Designated Areas in or near a U.S.customs