A foreign trade
zone (FTZ) is physically located in the United States but considered outside
the United States customs territory. In a zone, goods can be stored, exhibited,
repackaged, manipulated, manufactured or mixed with other foreign/domestic
merchandise duty-free. Duty is paid only when goods are moved out of the
Zone and into the United States.
The Toledo Lucas County Port Authority oversees granting extensions and sub-zones
of the foreign trade
zone in the region. This allows goods to be stored, manipulated, manufactured,
reclassified and mixed with foreign and domestic products without duties until
the products enter the domestic market. The foreign trade zone in Northwest Ohio
also provides state and local tax advantages.
Recognizing the value of a foreign-trade zone, Toledo is “reconfiguring and expanding” its zone to ensure its future marketability.
Toledo-Lucas
County Port, a diversified world cargo hub, at the mouth
of the Maumee River, the largest river entering the Great Lakes. The
Port of Toledo is the second largest deep-water port on the Great Lakes/St.
Lawrence Seaway System. Also deep in history, Toledo’s FTZ was
the first created on the Great
Lakes.Seaport
150 acres
Toledo World Industries active
Arbor Foods active
Cedar Point Development Park recent addition of 500+ contiguous acres , dubbed the Cedar Point Development Park, in Oregon, Ohio. Three rail lines serve Cedar Point, just two miles from the port.
Oregon
462 acres
Cedar Point Industrial Park activating (Spartan)
Toledo
Express Business Park.
Airport
337 acres
BAX Global active
For further assistance or questions contact RGP Business Development