Business Facilities - October 2008 - (Page 25)

and domestic status merchandise, FTZs are secure areas requiring physical security as well as access and inventory controls. As such, FTZs complement and support secure supply chains. Participants in the Customs Trade Partnership Against Terrorism (C-TPAT) should know that U.S. Customs and Border Protection recognizes use of U.S. FTZs as a C-TPAT best practice. Northeast Ohio and FTZ 181: Combination for Success To compete effectively in the global marketplace, businesses need the kind of advantages that Northeast Ohio offers. The tax structure is ideal, with the state of Ohio’s sweeping tax reform that lowers operating costs for Ohio businesses and offers the lowest new capital investment tax structure in the Midwest. The location is ideal, with Northeast Ohio geographically centered to provide easy access to major U.S. and Canadian markets, enabling lower transportation costs. The logistics capabilities are ideal in Northeast Ohio, with a superb intermodal logistics system that includes the nation’s 4th largest highway system, three Class 1 railroads, numerous ports on Lake Erie and the Ohio River, and four commercial airports. Plus, Northeast Ohio offers the ideal business tools to ensure growth and profitability, including Foreign-Trade Zone 181. The zone offers thousands of acres of prime industrial and warehouse space at 35 sites throughout Northeast Ohio. These sites—strategically linked to the region’s efficient transnetwork—provide portation unbeatable opportunities for companies serving global markets. FTZ 181 is one of the most active and successful of the more than 270 foreign-trade zones in the U.S. In fiscal year 2007, more than $2.7 billion of merchandise was received in the activated areas of the zone. The benefits of the FTZ and Northeast Ohio’s many other assets have been instrumental in attracting dozens of companies into the zone, including L’Oreal and LeedsWorld. Nine companies in FTZ 181 have already activated, and these nine companies alone employ a total of nearly 2,100. “FTZ 181 is a unique global supply chain management tool that provides significant, ongoing cost savings for Northeast Ohio companies engaged in international commerce,” says Ron DeBarr, president and CEO of the Northeast Ohio Trade and Economic Consortium (NEOTEC), grantee of FTZ 181. “The FTZ program helps to level the playing field with foreign com- Northeast Ohio Centrally located within a day’s drive of half of all U.S. and Canadian manufacturing If you answered yes to even one of these questions, Northeast Ohio’s Foreign-Trade Zone 181 could be the economic edge your company needs. Plus, Northeast Ohio offers a strategic location, multimodal logistics system, business-friendly tax structure, and more! Contact NEOTEC for more information. #2423 at www.BusinessFacilities.com A 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 25 http://www.neotec.org http://www.neotec.org http://www.BusinessFacilities.com

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

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