"If employees' houses cost less, they have more discretionary income and are more likely to stay, saving business owners the cost of attracting good employees."

- James Pavik, The Pavik Group

Foreign Trade Zone

Investigate the Benefits of Nevada’s Foreign Trade Zone

Northern Nevada's Foreign Trade Zone, at nearly 7,500 acres, is one of the largest in the nation. Crossroads Commerce Center currently has over 2,000 acres of Foreign Trade Zone.

A Foreign Trade Zone is designated by the United States Customs Department and allows foreign and domestic merchandise to be admitted for operations such as storage, exhibition, assembly, manufacture and processing without being subject to formal Customs entry procedures, the payment of Customs duties or the payment of federal excise taxes.

With its vast size, the zone includes a variety of large-scale industrial and commercial parks, as well as smaller industrial properties, which makes the area more attractive to current and prospective businesses.

A Foreign Trade Zone area may be a single building, an industrial park, an area of commercial/industrial development, or an existing company’s production facility. There are two types of Foreign Trade Zone (FTZ) authority - “General-Purpose” and “Manufacturing”. Facilities made available for more than one company are considered general-purpose zones (FTZ-126/Sparks, NV.). General Purpose zones provide authority for warehousing and distribution operations only. No manipulation or transformation of the product is allowed. Manufacturing authority allows for the manipulation or transformation of products within a zone operation. An individual firm seeking authorization for manufacturing operations, manipulation and/or transformation of goods, is normally designated as a Subzone site. The Foreign Trade Zone Board authorizes specific areas to be designated as FTZ space. It is then up to the local Customs officials to approve activation of space within the approved physical site.

Merchandise activities permitted in a foreign-trade zone include:

  • Assembly
  • Re-labeling
  • Manipulating
  • Salvaging
  • Repairing
  • Testing
  • Re-packing
  • Mixing
  • Destroying
  • Manufacturing
  • Sampling
  • Displaying
  • Cleaning
  • Processing

Operator:
Nevada Foreign Trade Services (NFT): Contracted by EDAWN to manage day-to-day operations. For Information on how to be part of a foreign trade zone, contact NFT at (775) 331-8010
http://www.griffintransport.com

Or Economic Development Agency Western Nevada
info@edawn.org

Calculate your potential savings from the FTZ by using the tool at this site: http://www.mnftz.com/rates/calcbiz.html

©2012 Sonterra Development Group, LLC by Wade Development Company/Lakemont Communities