Foreign Trade Zones (FTZ)
Support from federal and local governments has allowed ports across the United States to increase its import and export capabilities.
Ports and Free Trade Zones have taken on much greater importance as supply chain issues increase and demand for product grows from businesses and consumers.
On the U.S./Mexico border, commercial vehicle imports at the Laredo, Texas Port of Entry rival Detroit’s automotive trade industry. Bring your manufacturing investment to this southern hub on the U.S. automotive corridor!
Foreign trade zones, located in or near U.S. Customs ports of entry, enable duty-free movement of foreign and domestic merchandise. there are more than 200 U.S. FTZs, each a driver of regional economic growth.
The Empire State is preparing for a future of sustainable growth by investing $150 billion in the nation’s largest infrastructure program and creating innovative workforce development programs to prepare skilled workers for high-tech jobs.
The economic impact of U.S. seaports has a far reach, extending from the direct to the indirect and beyond. There are an estimated 2.2 million jobs that depend on ports.
Islip has a bustling airport, a busy foreign trade zone next door and an attractive location in the middle of Long Island’s largest industrial corridor.
Whether going on a business trip, exporting cars or utilizing the benefits of an FTZ, you’ll experience firsthand how the U.S. Customs and Border Protection entity lives up to its mission of “enabling legitimate trade and travel.”
The September / October 2018 issue features locations that are foreign direct investment magnets, ports and Foreign Trade Zones, and an exclusive interview with Colorado Gov. John Hickenlooper.
Port Houston’s Foreign Trade Zone (FTZ #84) is one of the busiest in the nation.
Moreno Valley is booming in the heart of Southern California’s Inland Empire, adding more than 8.4 million square feet of industrial space in the past two years.
Work has begun on Restore the Gorge, a $2.1-million project that augments Gov. Andrew Cuomo’s $70-million revitalization of Niagara Falls State Park, aimed at strengthening the tourism industry in downtown Niagara Falls.
In his Keynote Address at Business Facilities’ 14th Annual LiveXchange event, Dr. James F. Smith told attendees that key economic indicators point to up to three more years of growth before the U.S. economy experiences another downturn.
Goodyear has many successful FTZs, which help foreign and international businesses establish and grow operations while limiting tariffs and fees.
Economist and former Federal Reserve Board analyst Dr. James F. Smith—named “best forecaster” by The Wall Street Journal—will look over the economic horizon and share what’s coming.
The nation’s ports are handling record amounts of shipping. Importers get more bang for the buck by moving their goods through duty-free foreign trade zones located within or adjacent to ports.
Ports and FTZs are beneficial locations for all of your business needs, providing the transportation link that gets your goods where they need to go.