Launch your business in Foreign Trade Zone #249 for significant financial savings, to increase competitive advantage, and get your products to the market faster!
FloridaWest can bring the advantages of Foreign Trade Zone (FTZ) directly to your company to lower importing costs, enhance inventory control and improve supply chain pace and flexibility.
- Defer, reduce or eliminate duties
- Reduce the number of normal customs entries
- Eliminate duty on goods processed in and exported from the zone
- Reduce or eliminate duty on capital equipment used in production
- Avoid quota restrictions on merchandise admitted and held within zones
- Allow imported materials and parts to be delivered directly to the zone site
- Reduces federal excise taxes and some state inventory taxes when applicable
- Allow duty-free transfer of goods among multiple zones
The various FTZ programs can be combined and layered for optimal savings depending on your particular business practices and needs.
FloridaWest can bring the advantages of Foreign Trade Zone (FTZ) directly to your company to lower importing costs, enhance inventory control and improve supply chain pace and flexibility.
What is a Foreign Trade Zone (FTZ)?
Foreign-Trade Zones are secure areas under supervision of U.S. Customs and Border Protection that are considered outside the customs territory of the U.S. for the purposes of duty payment.
If your business imports, exports, manufactures, or manages warehouse and distribution operations, let us help you determine how Foreign-Trade Zone #249 can benefit your company. Companies that import parts, inputs and products from international markets are attracted to FTZs because of significant savings in time and costs. A FTZ candidate is looking for duty deferral or duty elimination opportunities and also wants to reduce or eliminate duty drawback processes and expenses, brokerage fees and associate merchandise processing fees. Companies that both import and export should
seriously consider the benefits of FTZ status.
New usage-driven sites can be approved for FTZ#249 zone status in 30 days and new manufacturing/production operations can be approved in as little as 120 days.
PEDC, as FTZ #249 Grantee, will work with FloridaWest EDA, SantaRosa EDO and or One Okaloosa EDC to assist you with assessment of the benefits of FTZ specific to your company’s needs, types, volumes and frequency of materials or components to be imported/exported. We will assist your company through the official process to apply for FTZ site designation for your specific site from the Foreign-Trade Zones Board, and the subsequent activation through the local office of Customs and Border Protection.
Learn more about FTZ #249 and how its special customs advantages may benefit your business operation!
About FTZ #249
The Pensacola Escambia Promotion and Development Commission (PEDC) , as grantee for FTZ #249, is approved for the program format known as an Alternate Site Framework (ASF). The ASF expedites applications for businesses in counties within a 60-mile radius or 90-minute drive from the Customs Port of Entry for the Foreign Trade Zone Board approval. Counties in FTZ #249 include Escambia, Santa Rosa and Okaloosa. FTZ #249 is designed to lower the costs of US-based operations engaged in international trade. As a result, this helps create and retain employment and encourage capital investment opportunities.
And increase the competitiveness of local companies and our NW Florida region.
A wide variety of companies can use FTZ #249:
- Aerospace Products
- Automotive parts, components
- and vehicles
- Bulk Chemicals
- Electronics
- Food Processing
- Life Sciences and
- Pharmaceuticals
- Manufacturing
- Machinery/Equipment
- Petroleum and petrochemicals
- Shipbuilding and repair
- Textiles
- Warehousing/Distribution
Contacts:
FTZ# 249 Grantee, PEDC:
Danita Andrews, 850-503-0907
[email protected]
EDO Partner County Contacts:
Santa Rosa EDO
Shannon Ogletree, 850-623-0174
[email protected]
One Okaloosa EDC
Nathan Sparks, 850-362-6467
[email protected]