Yes!  The Foreign Trade Zone (FTZ) program was authorized by Congress in 1934.  One of the purposes of the FTZ Program is to provide cost-saving benefits that incentivize U.S.-based economic activity and related employment that might otherwise occur abroad.

Studies continue to show that the FTZ program has demonstrated positive economic impacts on the communities in which FTZs are located.

Here are potential U.S. economic benefits when FTZ’s are established:

• New employment and wage increase in a community, including production opportunities
• Employment retention in the United States despite considerable economic pressures to relocate elsewhere
• Speed to market and improved supply chains in the US
• Increase in U.S. exports
• Improved global competitiveness for U.S. based companies
• Encouraging investment in U.S. production facilities

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Start the conversation with Green’s Foreign Trade Zone Experts!