Foreign Trade Zone 31 Establishes New Operator Agreement in Nashville, IL
America’s Central Port, Grantee of Foreign Trade Zone 31 (FTZ 31) and NOTS Logistics have been working together to bring another “value-added” benefit to companies in the Nashville, IL area.
Toyo Tire Holdings of Americas Inc., a long-time customer of NOTS Logistics, was approved for FTZ designation and activation at their Nashville, IL distribution warehouse as FTZ 31’s newest Operator on February 14, 2020. Toyo Tire complimented the work of NOTS Logistics and FTZ 31 staff for making the approval process quick and easy.
Foreign trade zones are federally designated areas within the United States that are considered “outside the US territory” that were created to encourage foreign commerce and help the US economy by allowing companies to source component products from around the world at competitive prices to keep value-added activities, such as manufacturing, within the United States.
NOTS Logistics, a customized supply-chain solutions company located in Nashville, IL, offers their customers an array of services from leasing warehouse space to warehouse management and staffing to transportation management. “FTZ designation is another incentive we can offer to strengthen our partnership with our customers,” says Kevin Brink, NOTS Logistics’ Vice President of Business Development.
With the expansion of FTZ 31’s Service Area in 2018, companies located within the 12-county area in Southwestern Illinois can receive FTZ designation in as little as 30 days. “This is the first activation, of which I hope to be many, in our expanded Service Area. Helping companies to successfully grow their global competitiveness in Southwestern Illinois is the mission of FTZ 31,” said Robbie Williams, FTZ 31 Administrator. “I have to thank the Foreign Trade Zones Board staff and U.S. Customs and Border Patrol – St. Louis District for their cooperation and responsiveness in finalizing this new site,” said Williams.
“We are already seeing the positive effects of Toyo becoming an FTZ Operator,” said Brink. “We have begun receiving more shipments and have already had to hire additional people to handle the additional product.”
Foreign Trade Zone 31
America's Central Port, Grantee of FTZ 31, facilitates zone administration as a public benefit to manufacturers and distribution centers. Operating under the Alternative Site Framework for Foreign Trade Zones, companies located within our service area can be designated as an FTZ site within 30 days after filing the application.
Businesses importing products to store, assemble, manufacture, mix, use, test, or display can realize significant savings by taking advantage of any one or more of the benefits of operating within a Foreign Trade Zone.
When importing product into the U.S., a duty may be assessed on the product. FTZs allow businesses to defer this duty until the product is removed from the Zone and enters the U.S. commerce.
When importing parts for manufacturing or assembly in an FTZ, duties may be reduced, or inverted, to the rate of the final product, reducing the cost on the imported part.
When goods are admitted to an FTZ and are exported to another country, the duty on the imported product is eliminated entirely.
Foreign Trade Zone 31 (FTZ 31) encompasses a 12-county Service Area in Southwest Illinois. This service area includes Bond, Calhoun, Clinton, Greene, Jersey, Macoupin, Madison, Monroe, Montgomery, Randolph, St. Clair, and Washington Counties.
Within the Service Area, there are three Magnet Site locations. Magnet Sites are pre-designated sites located at existing industrial and distribution facilities whose transportation infrastructure, building space and available land are well established, giving businesses built-in flexibility for their operations.
America’s Central Port The Port provides multi-modal transportation, with access to six Class-I railroads, two Mississippi River harbors, and easy access to four major interstate highways. Warehouse, office space, and multiple development-ready sites are available for lease. This site also offers a public warehouse with FTZ-activated space for storing imported merchandise.
Gateway Commerce Center This 2,200+ acre warehouse and distribution park offers build-to-suit and land sale options, with immediate access to four major interstate highways. Located on site are third-party logistics and trucking companies providing shipping and supply-chain options.
MidAmerica St. Louis Airport
The airport offers over 2,500 acres of air cargo facility development and hosts state-of-the-art cargo support facilities for international and domestic customers, with easy access to four major interstate highways, as well as being a commercial passenger airport.
For more information about Foreign Trade Zone No. 31, or to discuss how foreign trade zone benefits may be able to help your company, please contact Ms. Robbie Williams at (618) 452-8440 or via email at email@example.com.
NOTS Logistics | North Nashville, IL Industrial Park and Warehouse Complex
With over 750 acres of combined developed / available warehouse, industrial, and retail investment space, the North Nashville, IL Complex offers transportation, labor providers, and supply chain logistical services. The North Nashville, IL Complex supports existing large manufactures and a growing industrial presence. Located directly on a major Interstate and with close proximity to others, the North Nashville, IL Complex is strategically placed to positively impact economic growth and development in the Metro East / Southern Illinois area.
For more information about NOTS Logistics, or to discover how NOTS Logistics can help your business grow, contact Kevin Brink, Vice President Business Development, at (800) 642-5436 ext. 316 or via email at firstname.lastname@example.org or visit our website at www.notslogistics.com.