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Mitigate Tariff Risk – Consider Foreign Trade Zone (FTZ)
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 […]
How an Inverted Tariff Benefit Can Reduce Production Costs
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 […]
Manufacturers: Use FTZ to Become More Valuable to your OEM Customers
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.
Distributors: Use FTZ to Reduce Inventory Carrying Costs
Activating a facility as an FTZ will help companies hold onto their cash as they increase inventory volumes.
How to Get Started with FTZ #176
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.
FTZ #176: Our History and our Partners
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.
How FTZ #176 Can Save Your Business Time and Money
As manufacturers and distributors continue to be plagued with growing supply-chain costs and constraints, Foreign Trade Zone #176 is a tool that’s been available in Northern Illinois for more than 30 years to help companies reduce costs, tighten supply-chain timelines, and carry more inventory.
Common Myths of the Foreign Trade Zone Program
When discussing foreign-trade zones (FTZs), the conversation can get really complicated. To quickly highlight the benefits of operating as a foreign trade zone, it is beneficial to first clear up common myths that often cause confusion.
2023 Annual report submitted to National FTZ Board
/in News /by Carrie Zethmayr2023 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 […]
Capitol Warehousing offers 3PL FTZ Services
/in News /by Carrie ZethmayrNew 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 […]
2022 ANNUAL REPORT SUBMITTED TO NATIONAL FTZ BOARD
/in News /by Carrie Zethmayr2022 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 […]
2021 ANNUAL REPORT SUBMITTED TO NATIONAL FTZ BOARD
/in News /by Carrie Zethmayr2021 Indicators Show Explosive Growth in Total Shipments and Exports, Continued Growth in Employment In 2021 FTZ #176 included nine activated operators: Economic indicators across all FTZ sites show continued growth across a 5-year period (2016 – 2021): Operators report these zone benefits (edited to remove company identifying information and for clarity): In 2021, cargo […]
Attend 3rd Annual Meeting – October 6th
/in News /by Carrie ZethmayrSupply chain constraints are impacting our economy, and we see it daily in our homes and businesses. This event will highlight two specific tools to mitigate supply-chain risk, speed-up supply-chain timelines and reduce real costs: Foreign Trade Zone (FTZ) and Reshoring.
FTZ #176 Releases 2020 Annual Report
/in News, Uncategorized /by Carrie ZethmayrDespite the uncertainty throughout the global economy at the beginning of 2020, the year finished strong across many indicators for industrial and distribution sectors.
FTZ #176 2020 Annual Meeting Debrief
/in News /by Carrie ZethmayrOn October 6th, FTZ #176 held its 2nd Annual Meeting to highlight the FTZ as an important tool for economic development.
FTZ #176 Releases 2019 Annual Report
/in News /by Carrie ZethmayrWith a record number of activated foreign-trade zone (FTZ) sites in Northern Illinois, the Greater Rockford Airport Authority and Zethmayr LLC submitted the 2019 annual report on behalf of FTZ #176 to the U.S. Department of Commerce.
GREATER ROCKFORD AIRPORT AUTHORITY AND ZETHMAYR PARTNER TO HELP COMPANIES OPTIMIZE SUPPLY CHAINS USING FOREIGN TRADE ZONE
/0 Comments/in News /by jedlen