Owens, Schumer: Help North American Tapes
Congressman Bill Owens and U.S. Senator Charles Schumer are calling on the federal government to 'move quickly' on help requested by a Watertown company.
North American Tapes, a manufacturer of athletic tape, wants to be granted 'foreign trade zone' status.
That would save North American Tapes $13,000 a month, because the company would stop paying a tax on material it imports.
“Foreign trade zones provide an important opportunity for local entrepreneurs to boost their exports and provide them with the tools they need to thrive in the global marketplace,” said Owens.
"North American Tapes has already been waiting for a year, which is why we’re calling on the Commerce Department to get moving and give the company the level playing field it deserves," said Schumer in a press release.
7 News contacted the Commerce Department Tuesday afternoon about the Owens-Schumer statement. We'll post the department's response when we get it.
North American Tapes is the second largest hockey tape manufacturer in the world, and must compete with tape imports from Canada, Brazil and China, according to the press release.
Should it get Foreign Trade Zone designatuon, the company plans an expansion of its facility in the Jefferson County Industrial Park, off Outer Coffeen Street in Watertown. The company already employs 20 people and could hire more.
(Read, watch our earlier report here.)
Sunday, February 1, 2015, Watertown, NY
On Wall Street