https://ftzrockford.com

Home - FTZThis is the official site of Rockford Foreign Trade Zone (FTZ) #176 connecting companies in Northern Illinois to the world and reducing import/export costs.Home - FTZ 1-312-221-1115 60 Airport Dr. Rockford, IL 61109 USA carrie@zethmayr.com About FTZ Sites Current FTZ #176 Operators Success Stories Resources News & Blog How to Apply for FTZ Benefits and Costs FTZ Benefits Calculator Costs Overview 3PL FTZ Warehouse Economic Impact Contact Us Click to open the search input field Click to open the search input field Search Menu Menu ROCKFORD’S FOREIGN TRADE ZONE #176Connecting businesses in northern Illinois to the world LEARN MORE FTZ ROCKFORDCompanies in Rockford and across Northern Illinois can now apply to become a Foreign Trade Zone (FTZ) or subzone through FTZ Rockford and the Greater Rockford Airport Authority. FTZ locations are specially designated areas considered to be outside of U.S. Customs territory. They help to reduce the cost of manufacturing, making domestic manufacturing more cost competitive than overseas production. In 1991, the National FTZ Board approved the Greater Rockford Airport Authority’s (GRAA) application to become a grantee of the FTZ program, serving the Rockford region. In 2007, FTZ #176 was expanded to serve a defined 11-county service area in northern Illinois. Today, companies within 60 miles of GRAA in Stephenson, Winnebago, Boone, McHenry, Ogle, DeKalb, Kane, Lee, Bureau and LaSalle and Putnam Counties can apply through FTZ #176. WHY FTZ #176FTZ #176 is one of Northern Illinois’ most valuable assets for companies that engage in international trade. Businesses now have a tool to improve the efficiency of processes and reduction in costs associated with imports and exports. For some companies, the benefits of an FTZ can have a significant impact on operations and the bottom line. As cargo arrived in the country for an FTZ operator, it receives preferential treatment with duties deferred, reduced or eliminated. When product is not held at the port of entry for customs clearance, supply chain management becomes more predictable and streamlined. Accurate reporting improves inventory accuracy, reducing the need for costly emergency shipments. These are just some of the immediate impacts an FTZ can have on private companies. ENLARGE MAP BENEFITS OF FTZ#176 Cash-Flow SavingsOnly pay duties on imported items as they leave the FTZ and enter domestic territory. Zone TransfersTransfer merchandise in bond to another FTZ without an entry. Weekly EntryReduce paperwork and save money by replacing individual or daily entries with one weekly entry. Inverted DutyChoose between paying the duty rate of the finished product or the rate that applies to imported parts and/or materials. Avoid LossesAvoid duties on obsolete, surplus, waste, or scrap parts. Duty ExemptionAvoid merchandise processing fees, duty payments, and duty drawback on exported products. 123456 FEASIBILITY Want to know if an FTZ can benefit your company? FTZ #176 can conduct a no-cost feasibility analysis for you to estimate the potential value of becoming an FTZ site or subzone. LEARN MORE FEATURED SUCCESS STORY UniCarriers Leverages FTZ to Grow Marengo Operations As an international firm, UniCarriers manages a complex global supply chain is are always looking for opportunities for cost savings. Competing with manufacturers in low-cost countries can be difficult, but fortunately UniCarriers leverages the foreign-trade zone to make manufacturing in the United States a competitive advantage. READ MORE FEATURED NEWS Greater Rockford Airport Authority and Zethmayr Partner to Help Companies Optimize Supply Chains Using Foreign Trade Zone As partners, Zethmayr will administer the airport’s Foreign Trade Zone program, focused on helping companies operate more efficient international supply chains READ MORE 60 Airport Dr. Rockford, IL 61109Tel: +1 312-221-1115 Email: carrie@zethmayr.com Contact Us Privacy Policy © Copyright - FTZ Scroll to top Scroll to top Scroll to top This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.OKLearn more Cookie and Privacy Settings How we use cookiesWe may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website. Click on the different category headings to find out more. You can also change some of your preferences. 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