FOREIGN TRADE ZONE

Is your competition operating offshore or overseas? If yes, Lackawanna County is the best location to help you stay competitive in today’s international marketplace. With various buildings and land sites located within a Foreign Trade Zone, Lackawanna County can help you experience enormous economic advantages, increasing your efficiency and reducing your costs.

A foreign trade zone (FTZ) is a neutral, secure area, legally outside of the U.S. Custom’s territory. Companies located in a FTZ are protected from taxation and duty charges. Operating in a FTZ allows deferment, reduction and/or elimination of import duties on goods stored, processed assembled or manufactured. Applicable duty is paid once goods are withdrawn from the FTZ.

Foreign Trade Zone savings and benefits include:

• Reduced duties paid on imported goods processed or
  manufactured in the United States
• Cash flow advantages for on-hand inventory
• Elimination of duty on imported good for export
• Expedited Customs clearance procedures
• Reduced inventory levels
• Flexible import strategies
• Enhanced security
• Faster response to market demands
• Competitive edge in the global market economy
• Seamless international boundaries
• Streamlined and seamless supply chain
• Consolidated reporting and reduced administrative fees

To search available real estate in Lackawanna County click here.

For more information regarding the FTZ program click here.