Northeast Ohio's Foreign-Trade Zones
The U.S. Foreign-Trade Zone (FTZ) program is a unique global supply chain management tool that assists U.S. companies engaged in international trade by offering significant, ongoing cost savings to help them compete in the global marketplace. There are more than 250 zones in the U.S.
The Foreign-Trade Zone program in Northeast Ohio is a collaboration of the Cleveland-Cuyahoga County Port Authority and NEOTEC, and includes Foreign-Trade Zones #40 and #181. These two zones cover more than 11,000 acres and 50 different sites throughout Northeast Ohio. Together they create one of the largest and most successful foreign-trade zone programs in the country.
Foreign-Trade Zones #40 and #181
The Cleveland-Cuyahoga County Port Authority is grantee of FTZ 40, which covers 23 sites over nearly 5,900 acres in Cuyahoga, Lorain, and Ashtabula counties.
NEOTEC is grantee of FTZ 181, which includes 27 sites and nearly 5,400 acres in Ashtabula, Columbiana, Mahoning, Medina, Richland, Stark, Summit and Trumbull counties. NEOTEC also serves as administrator of both zones.
The FTZ Advantage in Northeast Ohio
The Foreign-Trade Zone program is just one more of the many business advantages available for companies locating in Northeast Ohio.
- FTZ 40 & 181 sites are linked to a world-class multimodal logistics system to ensure the efficient movement of goods
- Northeast Ohio's FTZ program is nationally recognized as a “best practice” in foreign-trade zone development and management. The program is a major factor in attracting capital investment and the creation/retention of jobs in Northeast Ohio.
WHAT IS AN FTZ? CLICK HERE.
WHAT ARE THE BENEFITS OF AN FTZ? CLICK HERE.