CONTRACTAPPROVED

Port Freeport Approves FTZ Operator Deal With Volkswagen

PORT FREEPORT logoPORT FREEPORT
Approved
Sep 14, 2023

The 30-second brief

What it covers

Port Freeport approved a five-year Foreign-Trade Zone Operator Agreement with Volkswagen Group of America, Inc. covering its Parcel 14 site. The agreement will activate when Volkswagen begins cargo operations, anticipated in February 2024, and is intended to support duty deferral and inventory tax benefits on imported automobiles.

Who holds it

Volkswagen Group of America Inc holds this contract with PORT FREEPORT. Its other public contracts on record include work for Hamilton County and Michigan Strategic Fund Board of Directors | State of Michigan.

What happens next

Term as filed: Five-year term beginning July 1, 2023; after five years, agreement converts to month-to-month.

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Contract details

Document date
September 14, 2023
Term
Five-year term beginning July 1, 2023; after five years, agreement converts to month-to-month
Source document
port_commission_special_meeting_minutes.pdf (Minutes)

Volkswagen Group of America Inc's other public contracts

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Questions about this contract

Who was awarded the government contract by PORT FREEPORT?

Volkswagen Group of America Inc was awarded this government contract by PORT FREEPORT, as recorded on September 14, 2023.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in port_commission_special_meeting_minutes.pdf (Minutes), dated September 14, 2023 from PORT FREEPORT. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Volkswagen Group of America Inc hold?

Volkswagen Group of America Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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