Utilizing Foreign-Trade Zone #176
The FTZ program is a partnership of the U.S. government and private sector importers.Each approved location is specially-designated area and considered to be outside of U.S. Customs territory. For that reason, when cargo arrives in the country for an FTZ operator, it does not immediately clear Customs. The cargo receives preferential treatment with duties deferred, reduced or eliminated. In addition, there are supply chain, inventory control and other savings available through the FTZ program.
These benefits vary widely based on the “fact pattern” of each applicant.
There are two steps required to take advantage of the hundreds of ways to save in the Zone:
- Achieve FTZ designation for the property; and
- Win Customs approval to “activate”.
Because FTZ #176 has applied for and received approval for expedited access, this process is now cheaper and faster. Some applicants will be operating within 3-4 months and reach their ROI (return on investment) in 6-12 months.
For more information contact FTZ #176 Administrator Marge Bevers (815-969-4427 or mbevers@flyrfd.com.)
Annual reports
Each year, a variety of businesses find success in utilizing RFD's FTZ.
2010 FTZ Annual Report 
2009 FTZ Annual Report
2008 FTZ Annual Report
2007 FTZ Annual Report
FTZ Brochure
Click on the below links for the steps and info in determining if an FTZ could benefit your business:
For the complete brochure on what an FTZ is and how it can benefit your company please Click Here.
links
FTZ #176 Literature
FTZ #176 in the news
If you are interested in receiving more information on the benefits of joining Foreign Trade Zone #176, contact Marge Bevers at 815-969-4427 or submit your name and contact information to mbevers@flyrfd.com.
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