Vol 3. Issue 1 - FTZ Progress

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An update from the Foreign Trade Zones of Greater Cincinnati and Northern Kentucky
www.GCFTZ.com

Foreign Trade Zones Explained

GCFTZ Board Members Kai Bitter, Jeff Bender and Kimm Lauterbach explain what an FTZ is and how companies benefit in a new video.

U.S. FTZ Board releases Annual Report to Congress for 2017

Employment and Value of Trade Increased

The U.S. Foreign Trade Zones Board (FTZB) recently released their annual report to Congress for 2017. Some key takeaways include:

Nationally, employment in foreign-trade zones rose 9.3 percent from approximately 420,000 Americans working in FTZ activities in 2016 to over 450,000 in 2017.
In 2017, value of shipments into zones nationally totaled $669 billion - up 9.1 percent from $610 billion in 2016.
Zone #46 (Greater Cincinnati) saw an increase in exports in 2017 while employment in Zone #47 (Northern Kentucky) increased from 2016 to 2017.
Kentucky and Ohio were #7 and #10 respectively in terms of merchandise received when compared nationally.

READ THE FULL REPORT HERE

Share the Benefits of FTZs

Collateral Available to LEDOs, Partners and other FTZ Advocates to Promote the Foreign Trade Zones

FTZ One Page Overview

FTZ SlideShares

FTZ & International Trade in the News

National and Local News Stories and Updates

Wall Street Journal: New Nafta is Threatened by Partisan Split Over Enforcement
Business Facilities: Ports & FTZs: The Value of Entry
Financial Times: EU Threatens Retaliation if US Imposes Punitive Car Tariffs
Forbes: Dear China, Get Ready for 25% Tariffs
Lane Report: CVG Experiences Record-Breaking Year: 2018 Highlights

Is an FTZ Right for You?

As an economic development program, a Foreign Trade Zone uniquely helps regional businesses compete in a global marketplace by expediting trade and encouraging activity in the U.S. that might otherwise be done abroad. The Foreign Trade Zones of Greater Cincinnati and Northern Kentucky are a resource available to all regional qualifying companies that can gain real benefits from the cost savings and efficiencies provided by an FTZ. If you are a Local Economic Development Organization, this newsletter is a resource to help you present FTZ information to prospective companies as part of a relocation package. Please let us know how we can make it even more valuable to you, and keep you in the know.

What is an FTZ? FTZ Fact Sheet FTZ FAQ

For More Information

Contact Program Director, Melissa Johnson

CONTACT BIO

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Greater Cincinnati Foreign Trade Zone, Inc. · 3 East Fourth Street · Suite 300 · Cincinnati, Oh 45202 · USA