2024 Indicators Show Continued Growth in FTZ Employment In 2024 FTZ #176 included nine activated operators: In 2024 we welcomed two new FTZ operators: Rivian Automotive LLC and Capitol Warehousing Corporation, which offers third-party FTZ warehouse management services to customers expanding the range of FTZ services available in our region. Economic indicators showed mixed year […]
Tariffs are again grabbing headlines and sending reverberating uncertainty across the c-suites of global companies. Will he or won’t he, and if he does how long can my cash flow absorb the impact of my inventory carrying costs suddenly increasing 10 – 25%? These are some of the questions keeping CEOs and CFOs up at […]
In addition to the baseline benefits of operating as an FTZ, some FTZ operators apply for and are granted a special authorization known as “Production Authority.” Production authority is granted by the National FTZ Board and allows companies to pay the tariff of their finished goods as they are appraised and classified when they enter […]
2023 Indicators Show Continued Growth in Employment, Value of Shipments and Exports In 2023 FTZ #176 included eight activated operators: Economic indicators across all FTZ sites show continued growth across a 5-year period (2018 – 2023): Operators report these zone benefits (edited to remove company identifying information and for clarity): In 2022 (2023 data is […]
As many original equipment manufacturers (OEMs) use foreign trade zones (FTZs) to reduce costs, you can gain an advantage over competitors, especially overseas competitors, by activating your facility as an FTZ.
New 3PL FTZ services at Capitol Warehousing will enable companies of all sizes to access FTZ benefits; new economic development service to the region. Capitol Warehousing announced its opening of a new 3PL Foreign Trade Zone warehouse in Belvidere, IL. With Capitol Warehousing now offering FTZ services to third parties, companies of all sizes and […]
Activating a facility as an FTZ will help companies hold onto their cash as they increase inventory volumes.
The benefits of Foreign Trade Zones (FTZ) are many, from increasing cash flow to improving supply-chain timelines and inventory control. Here’s how you can get started in activating within FTZ #176.
While FTZ #176 was first established by the Greater Rockford Airport Authority, its growing number of partners now span industries and manufacturing across an 11-county region in northern Illinois.
2022 Indicators Show Continued Growth in Employment, Shipments and Exports In 2022 FTZ #176 included nine activated operators: Economic indicators across all FTZ sites show continued growth across a 5-year period (2017 – 2022): Operators report these zone benefits (edited to remove company identifying information and for clarity): In 2021 (2022 data is not yet […]
