Business Facilities - October 2008 - (Page 23) PORTS AND FOREIGN-TRADE ZONES: TOP LOCATIONS Introduction by Brandi Hanback, Managing Director, Foreign Trade Zone Services, Rockefeller Group Article by Donna Clapp T he U.S. Foreign-Trade Zones (FTZs) Program has existed since 1934. In times of global expansion and implementation of cost-cutting strategies to support U.S.-based manufacturing and distribution, interest in the program is intensified. Combined with a weak dollar and renewed interest by foreign investors in the U.S., economic developers also can leverage the benefits of foreign-trade zones to attract jobs and investment, and to facilitate maintenance and expansion of their existing industrial base. Financial savings from U.S. FTZs are derived from a combination of benefits including traditional duty savings of deferral, reduction and/or elimination along with logistics and time savings. Fundamentally, instead of filing a customs entry and paying U.S. duty (import tax) when a shipment arrives at a U.S. port, duty payment is deferred until the goods are actually withdrawn from the zone for consumption in the U.S., providing valuable cash flow benefits. In a pure distribution FTZ environment, merchandise from abroad can be deconsolidated and inspected and, in some cases, repairs, repackaging, labeling and marking may be performed to prepare the goods for final sale. For those products exported out of the FTZ, U.S. duty is eliminated entirely upon export of the goods from the FTZ. Returns to vendors or destruction of product in the zone also may supplement duty elimination benefits in FTZs. For manufacturing, assembling and processing operations, FTZs can mean reduction of U.S. duties in addition to deferral. With permission from the U.S. Foreign-Trade Zones Board, a federal agency housed in the U.S. Department of ComA S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S 23
Table of Contents Feed for the Digital Edition of Business Facilities - October 2008 Business Facilities - October 2008 Contents First Word Snapshots Metro Spotlight: Phoenix, AZ Essential Relocation Tips Metro Spotlight: Fayette County, GA Corporate Moves: Kentucky Austria: Hungry for International Trade Foreign Trade Zones: Global Expansion at Reduced Cost New York is Banking on High-Tech Growth Metro Spotlight: Cuba, MO The Garden State is Growing it's City Centers Information Technology: No Signs of a Slowdown Advertiser Index Inside LiveExchange Business Facilities - October 2008 Business Facilities - October 2008 - Business Facilities - October 2008 (Page Cover1) Business Facilities - October 2008 - Business Facilities - October 2008 (Page Cover2) Business Facilities - October 2008 - Business Facilities - October 2008 (Page 1) Business Facilities - October 2008 - Contents (Page 2) Business Facilities - October 2008 - Contents (Page 3) Business Facilities - October 2008 - Contents (Page 4) Business Facilities - October 2008 - Contents (Page 5) Business Facilities - October 2008 - First Word (Page 6) Business Facilities - October 2008 - Snapshots (Page 7) Business Facilities - October 2008 - Metro Spotlight: Phoenix, AZ (Page 8) Business Facilities - October 2008 - Metro Spotlight: Phoenix, AZ (Page 9) Business Facilities - October 2008 - Essential Relocation Tips (Page 10) Business Facilities - October 2008 - Essential Relocation Tips (Page 11) Business Facilities - October 2008 - Essential Relocation Tips (Page 12) Business Facilities - October 2008 - Essential Relocation Tips (Page 13) Business Facilities - October 2008 - Essential Relocation Tips (Page 14) Business Facilities - October 2008 - Essential Relocation Tips (Page 15) Business Facilities - October 2008 - Essential Relocation Tips (Page 16) Business Facilities - October 2008 - Metro Spotlight: Fayette County, GA (Page 17) Business Facilities - October 2008 - Corporate Moves: Kentucky (Page 18) Business Facilities - October 2008 - Corporate Moves: Kentucky (Page 19) Business Facilities - October 2008 - Austria: Hungry for International Trade (Page 20) Business Facilities - October 2008 - Austria: Hungry for International Trade (Page 21) Business Facilities - October 2008 - Austria: Hungry for International Trade (Page 22) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 23) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 24) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 25) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 26) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 27) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 28) Business Facilities - October 2008 - Foreign Trade Zones: Global Expansion at Reduced Cost (Page 29) Business Facilities - October 2008 - New York is Banking on High-Tech Growth (Page 30) Business Facilities - October 2008 - New York is Banking on High-Tech Growth (Page 31) Business Facilities - October 2008 - New York is Banking on High-Tech Growth (Page 32) Business Facilities - October 2008 - New York is Banking on High-Tech Growth (Page 33) Business Facilities - October 2008 - New York is Banking on High-Tech Growth (Page 34) Business Facilities - October 2008 - Metro Spotlight: Cuba, MO (Page 35) Business Facilities - October 2008 - Metro Spotlight: Cuba, MO (Page 36) Business Facilities - October 2008 - The Garden State is Growing it's City Centers (Page 37) Business Facilities - October 2008 - The Garden State is Growing it's City Centers (Page 38) Business Facilities - October 2008 - The Garden State is Growing it's City Centers (Page 39) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 40) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 41) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 42) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 43) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 44) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 45) Business Facilities - October 2008 - Information Technology: No Signs of a Slowdown (Page 46) Business Facilities - October 2008 - Advertiser Index (Page 47) Business Facilities - October 2008 - Inside LiveExchange (Page 48) Business Facilities - October 2008 - Inside LiveExchange (Page Cover3) Business Facilities - October 2008 - Inside LiveExchange (Page Cover4)
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