The 12-county service area of Foreign Trade Zone 31.
America’s Central Port, the grantee of Foreign Trade Zone 31, and NOTS Logistics have been working together to bring another “value-added” benefit to companies in the Nashville, Ill., area.
Toyo Tire Holdings of Americas Inc., a longtime customer of NOTS Logistics, was approved for FTZ designation and activation at its Nashville distribution warehouse as FTZ 31’s newest operator on Feb. 14. Toyo Tire complimented the work of NOTS Logistics and FTZ 31 staff for making the approval process quick and easy.
Foreign trade zones are federally designated areas within the United States that are considered “outside the U.S. territory” that were created to encourage foreign commerce and help the U.S. economy by allowing companies to source component products from around the world at competitive prices to keep value-added activities, such as manufacturing, within the United States.
NOTS Logistics, a customized supply-chain solutions company located in Nashville, Ill., offers services that include leasing warehouse space, warehouse management and staffing and transportation management.
“FTZ designation is another incentive we can offer to strengthen our partnership with our customers,” says Kevin Brink, NOTS Logistics’ vice president of business development.
With the expansion of FTZ 31’s Service Area in 2018, companies located within the 12-county area in Southwestern Illinois can receive FTZ designation in as little as 30 days.
“This is the first activation, of which I hope to be many, in our expanded Service Area. Helping companies to successfully grow their global competitiveness in Southwestern Illinois is the mission of FTZ 31,” said Robbie Williams, FTZ 31 administrator. “I have to thank the Foreign Trade Zones Board staff and U.S. Customs and Border Patrol – St. Louis District for their cooperation and responsiveness in finalizing this new site,” said Williams.
“We are already seeing the positive effects of Toyo becoming an FTZ operator,” said Brink. “We have begun receiving more shipments and have already had to hire additional people to handle the additional product.
Foreign Trade Zone 31
America’s Central Port facilitates FTZ 31 zone administration as a public benefit to manufacturers and distribution centers. Operating under the Alternative Site Framework for Foreign Trade Zones, companies located within our service area can be designated as an FTZ site within 30 days after filing the application.
Businesses importing products to store, assemble, manufacture, mix, use, test, or display can realize significant savings by taking advantage of any one or more of the benefits of operating within a Foreign Trade Zone. Among them:
When importing product into the U.S., a duty may be assessed on the product. FTZs allow businesses to defer this duty until the product is removed from the Zone and enters the U.S. commerce.
When importing parts for manufacturing or assembly in an FTZ, duties may be reduced, or inverted, to the rate of the final product, reducing the cost on the imported part.
When goods are admitted to an FTZ and are exported to another country, the duty on the imported product is eliminated entirely.
Foreign Trade Zone 31 encompasses a 12-county service area in Southwest Illinois. This service area includes Bond, Calhoun, Clinton, Greene, Jersey, Macoupin, Madison, Monroe, Montgomery, Randolph, St. Clair, and Washington Counties.
Within the service area, there are three Magnet Site locations. Magnet Sites are pre-designated sites located at existing industrial and distribution facilities whose transportation infrastructure, building space and available land are well established, giving businesses built-in flexibility for their operations.
America’s Central Port
The port provides multi-modal transportation, with access to six Class-I railroads, two Mississippi River harbors, and easy access to four major interstate highways. Warehouse, office space, and multiple development-ready sites are available for lease. This site also offers a public warehouse with FTZ-activated space for storing imported merchandise.
Gateway Commerce Center
This 2,200+ acre warehouse and distribution park offers build-to-suit and land sale options, with immediate access to four major interstate highways. Located on site are third-party logistics and trucking companies providing shipping and supply-chain options.
MidAmerica St. Louis Airport
The airport offers more than 2,500 acres of air cargo facility development and hosts state-of-the-art cargo support facilities for international and domestic customers, with easy access to four major interstate highways, as well as being a commercial passenger airport.
For more information about Foreign Trade Zone No. 31, or to discuss how foreign trade zone benefits may be able to help your company, please contact Ms. Robbie Williams at (618) 452-8440 or via email at [email protected]