Seaports Magazine - Summer 2013 - (Page 16)

»FeAtURe ParTnering aT hoMe To encourage Trade groWTh Ports take advantage of FTZ Alternative Site Framework for economic development By Meredith Martino The Coach facility at the Jacksonville Port Authority’s FTZ 64. a consumer in the market for new pair of eyeglasses might be interested in a banner ad on a website touting designer eyewear at a discounted price. the promise might sound too good to be true to the average shopper, but the reality is one that is not only possible but actually is encouraged by a growingly popular new option under a decades-old U.S. government program. By utilizing some of the benefits of a Foreign trade Zone (FtZ) and taking advantage of the program’s alternative Site Framework (aSF), a U.S.-based producer could incorporate well-known designer frames and cases manufactured overseas into a finished product that could be passed onto a U.S. consumer at a lower cost. 16 aaPa seaPorTs MagaZine Vision care products manufacturer Coastal.com is doing just that. Founder and Ceo roger Hardy saw a business opportunity in the markups charged by opticians and optical stores and passed onto consumers. He created a business-to-consumer model that would keep costs down for the end user of the vision products. the Canadian-based company continues to grow, reaching consumers throughout the world. Coastal.com recently opened its first U.S. production and distribution facility on a site in Blaine, Wash. “the United States is our fastest-growing market, as evidenced by an increasing number of new and returning customers purchasing glasses from us every day,” commented roger Hardy in a press release. the Blaine site is operated by t.C. trading Company, a company that provides warehousing, distribution and cold storage, and is within the bounds of FtZ 129, for which the port of Bellingham is the grantee, or entity that has been granted authority to locally manage the zone. In 2012, the port and t.C. trading partnered to apply for consolidation of three FtZs and reorganization under the aSF. t.C. trading had two objectives: to utilize warehousing for its own operations and to file a production notification for a tenant – Coastal.com – to begin manufacturing. the FtZ Board approved the change in September 2012, and the Coastal.com facility was activated in april 2013. the Coastal.com operation includes grinding, cutting and fitting of glasses and “kitting” the finished products with eyeglass cases – products that would normally be subject to a higher tariff rate but can take http://www.Coastal.com http://www.Coastal.com http://www.Coastal.com http://www.Coastal.com http://www.Coastal.com http://www.naylornetwork.com/aap-nxt/

Table of Contents for the Digital Edition of Seaports Magazine - Summer 2013

AA PA Headquarters
From the President’s Desk
Sourcing Near and Far
Partnering at Home to Encourage Trade Growth
Cruise Info on the Go
Community Ties
AA PA Gathers in D.C. for Spring Conference
Washington Poised to be Leader in Global Economy
Creating Agile Supply Chain Networks in Today’s Fast-Changing World
TTI: Costs of Delaying Channel Maintenance are High
Improving Safety and Efficiency through PORTS®
Seaports are at the Forefront of Export Growth
ACE E-Manifest Enhances Sea and Rail Security
Port Metro Vancouver Smart Fleet Trucking Strategy to Drive Efficiency, Reliability
The Buenaventura Container Terminal Invests $3.5 Million in Cargo Verification System
RFID Tags Promote Growth, Efficiency at GPA
Index of Advertisers

Seaports Magazine - Summer 2013

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