FTZs can bring in millions of dollars in additional profits and cost very little to maintain relative to the investment. Even though the FTZ program was created in 1934, its relevance today is huge. After the year 2002, when Customs allowed for weekly entry (which greatly increased the demand for zones in warehouse and fulfillment […]
Business Expansion Journal recently highlighted Foreign Trade Zones in it’s Industry Outlook feature. Excellent article by David Hodes explains why expansions of FTZs continue as more companies seek unique operational savings. Here in West Tennessee, FTZ #283 services 95% of the allowable geography under CBP enforcement procedures. We’re extremely lucky to have such an economic […]
On November 8, the Department of Commerce approved the service area of FTZ #283 to include all of Crockett County along with portions of Weakley, Henry, Carroll, and Henderson Counties. This expansion puts 95% of the geographically allowed area of West Tennessee within the FTZ. Below is a rough outline of the new service area. […]